But that's because O have a full-time job and don't want to spend my extra time driving. 

All of them are made up of two franchise companies, it's nothing special, one franchise requires A to J, the other requires E to O.

I/O options are for people that put substantial down.

No, you cannot get an i/o FHA loan.

- - - apologies for type-o's and or my horrible grammar ESL over here.

What am o not seeing?

Just turned 24 y/o on Aug 4th.

Here are the numbers:DuplexPurchase Price: 180kRent: estimated at 1k/side, 2k totalMonthly cash flow: 300 w/ property management, 500 w/o (I'm planning on managing myself)Pros: good cash flow, recently updated, good location job-wiseCons: cigarette smoke (one side is significant), both HVAC units are about 25 years old, house is located very close to major road (noisy), some roof/ceiling damage near ventsSFRPurchase Price: 180kRent: 1600 (probably high end of what I could get)Monthly cash flow: 16 w/ PM, 175 w/oPros: completely move-in ready, recently updated, good location, great neighborhood, likely higher appreciationCons: not great cash flowMy calculations are based on: 25% down payment (I'm actually planning on paying w/ cash do close sooner then do delayed financing to free up more money for investing.  

I have 9 years left until o fulfill my 20 year commitment, however, our plan is to start getting to some serious work on a real estate portfolio prior to retirement in hopes that we can reach a realistic financial freedom at that point.

@Kara Daugherty I would also contact a real estate attorney TODAY - even before going to the Commission.Let's hope that he has a big E&O insurance policy.