You have to account for all costs and not just the costs that the previous owner deemed necessary to account. 

Paying for Cody Sperber's stuff is like paying for college: Necessary if you need hand-holding, can't learn on your own and can't network.

I was fortunate enough to get a job in manufacturing at Texas Instruments and TI helped pay for my college.

Do you know if storage is needed in the city? 

Hello BP Folks,I have a section 8 tenant which i inherited from the previous owner.

You can request documents such as payment receipts from the previous land lord showing they paid all rents on time. 

I’m looking at some of their props but a little skeptical based on the previous review here.

However, we figure since we are purchasing a duplex near the college, it shouldn't be difficult for the management company to maintain a steady flow of tenants.

But in our case we just bought it last year for cash and the sale price was lower than the previous appraisal so no problem asking for it to be reconsidered.  

That being said, as long as you live in the property for 1 year(Normally the lender will have you sign the Letter of Intention) you should be able to do whatever you want with the property after that...like renting it out or selling etc..You can also buy another FHA mortgaged property as long as you sold the previous FHA property or refinanced into a conventional loan.