I can't second @Darren Sager 's advice enough.

Welcome to BP. we are buying MF in S Houston.

I am told I will be pre approved because of the difference of money I made in 2013 compared to my 2012 income (Im self-employed).We started an LLC S-Corp & have not yet transferred homes there for fear of having to pay off the remaining equity sooner than our 30-year plan; I've heard in 3 years its possible?

I do not know where the duplex is located but Heat Pumps do not work well when outside temperatures are in the 30's or lower and with most of the country under an artic freeze I would not jump to conclusions based on his statement.

However the owner of the house next door was able to get a flood elevation certificate showing that flood insurance was not required.

Brian, I respect your knowledge and know that you promote L/O's, sub2's and such, but the above is somewhat of a misrepresentation.

Welcome to BP @Darieal S. !

To @Rick Ikasalo 's point, put everything in writing.

It's been kind of chilly here (50's today I believe)....I actually moved from the LA area back in August!

What is the likelihood that the lease(s) will be extended beyond the current 8-10 years, sounds like it is multiple units if it is 8-10 years.