Their team can assist you with legal / title questions. 

Especially if the nails/holes in the walls were no bigger than lets say a dime, it would consider it standard wear and tear with a tenant living there for 2 years. 

I think 3% will be the norm for awhile and the fed can live with that.  

NYC's Human Resource Administration (Public Assistance)  has a program called S.O.T.A (Special One Time Assistance) specifically for employed people whom live in NYC shelter system.

Since currently we are saving money by living with my parents, I would be hoping to use my first purchase as a place we could also live in.

I went through your other posts here on biggerpockets, it appears that you have tax related questions throughout the year such as selling a primary residence that you lived in less than 2 years.You may want to see if you are eligible to claim partial exemption.When selecting an accountant, make sure you select someone who will be able to answer your questions.

This tenant has lived in the home for 10 years, and pays a VERY low amount in their monthly rent. 

What he wants to do here is more of a co-living situation where you are renting out all of the rooms inside the property.

I can help you with that if you need assistance. 

I appreciate any feedback/assistance.I have been living in Paraguay for almost 3 years and now I am looking to start a RE Investment Fund to capitalize on this growing market, seriously :) I plan on bringing in accredited foreign investors mostly from the U.S.