On that house, it looks like the current owner (who lives there) is actually paying $117.00 because they have a homestead exemption and a disabled person exemption.

This depends if the tenant can be found, and as Joel said, if they're judgment proof (unemployed, on disability, etc.).

He is disabled, but does not draw social security.  

Get familiar with the law first.There are seven "Federal" protected classes for discrimination: race, color, religion, national origin, sex, disability, and familial status.

I love this guy, and I love cats, and I'm glad he has nice housing, but it would be a tall order to live with him.I've known several people less well through my friends in the itinerate rock climbing community and my work in community colleges who received section 8 assistance because their social and emotional disabilities were significant enough to make full-time, ongoing employment untenable.  

I am a disabled veteran looking to jump on the landlording bandwagon!  

His mom is on disability and hasn't been able to pay the taxes.

I agree with Mary, sounds like she works for the IRS or state tax authority :)Call your insurance agent and see what a disability policy costs you, then look at your SS employment tax, which is cheaper.....SS is.

Ill start by saying I have 0 deals completed.Anyway I don't even know how but I'm guessing through word of mouth through a family member a couple in their late 40s contacted me and asked if Id like to buy their house.Keep in mind I haven't done any marketing and wasn't expecting a call like that.So just winging it I guess I asked her a little about it.They just bought it November of last year for $85k with a 30yr VA @ 4.3%( I think I heard it right)Said her husband is on disability and her company sold her along with one of its divisions which is an hour commute everyday.

What works for me in any "up or down" real estate market, are what I call "life events": ...death, disability, childbirth, health issues, domestic issues, divorce, loss of job, relocation because of employment, retirement, legal problems, back taxes and many others, ...are all "life events" that can "motivate a seller" into selling their real estate!