You seem like one of the more level headed!

What game do you want to play - that is the question you must ask and then learn how to do it in and out.If you intend to be a landlord (based from your post), you need to understand landlording and more specifically, operating expenses and all expenses associated with rental units.

I've been going over and over this situation in my head since I'm brand new at this and really couldn't think of any solution I could provide that would really work for this seller.

If half that $5600 is headed towards non-loan costs, and the other $2800 is supposed to cover the mortgage...

IE you need to state with the exempt catagory of lenders: friends, family and associates exemption most states have.

This ought to be an interesting topic.The list of what I would do is a long one, but here are a few items off the top of my head that I'd do.

No doubt the program will be tweaked many times, Carrington was simply making certain they are at the head of the line.In the end, I do believe that politically the Govt wants to be the landlord in a structured partnership.

You definitely have a heads up on a lot of people since you have some experience.

The step rail isn't moving anywhere now.Make sure if you add a grab bar next to the washer dryer it is not in a location where a child or an adult could bang their head against it.Also make sure it hits the stud and you don't use cheap wood or drywall screws where the head will break off from the weight.Yes being heavy is not the fault of the landlord however dealing with the issue upfront is better than a bigger problem later.

Pretty much everyone who buys their first home ends up in over their head.