IMO, there's no such thing as filthy (or any other type of derogatory term to express what is really a LACK OF DUE DILIGENCE BY THE OWNER/PROPERTY MANAGER)tenants."

you expressed your intent to occupy your primary but if circumstances dictate you need to downsize, that would be justified IMHO.Others will chime in, but I think you are perfectly in your right to purchase another smaller property as owner occupant, and turn the larger one into a rental (due to hardship for example) and be OK.I don't think you need to explain this to the broker other than to assure him you intent to occupy the new property. that's all I would disclose.Others?

I am considering this route because a few of them have expressed interest to me in getting into the Phoenix market, it would be their first time acting as a lender, and would be my first time receiving private money.

However since two of us will be taking the class I was going to go with Real Estate Express at only $657 total for us both.

Once the deal is under contract, how do you approach your investors whom have expressed interest in working with you?

I expressed my concern about that to the tenants and (before we signed the lease) we all came to an agreement that their lease would start on Sept. 15th, even though they weren't moving in until Oct. 1st. 

Two weeks later and Lowes had my new carpet installed that I completely scheduled and organized.Two weeks ago I started really grilling my property manager on why the unit was still vacant and she said that there was one person who expressed some interest but never scheduled a showing.

They know this is coming and have expressed willingness to move but also some insecurity regarding where they will go.

He does really nice work based on what I’ve seen, but I do have some concerns similar to what you have expressed.

I now find myself in a position that requires me to have money coming in from a non-employment source, and I have none.First of all: I need to express my gratitude at learning this lesson early while I’m debt free and young enough to impact my children’s futures.