Would you offer to cover his debt service with the Master Lease, and rely on him to continue paying the mortgage?

I just don't want to continue to deal with silly wastes of time and would rather find a tenant who isn't going to be a constant hassle all the time.

As you continue to work those prospects you move them deeper and deeper into the funnel.

If necessary, HACA will continue HAP payments for up to 180-days to allow time for a caretaker or new guardian to join the minors in the assisted unit.

Depends on whether the Feds continue with tapering of QE3 or back off.

They were originally created to allow someone to continue owning an asset even when they were unable to manage that asset for whatever reason.

I am going to do a limited part and continue with polish as the carpet wears out/tenants change.

You have a story to tell and unless there is much more to this story, I can't imagine this preventing you from getting a loan as long as you are ready and willing to put 20%-25% down on the duplex.Your rate will be higher sure, but you can refinance in a few years as your credit continues to improve.Mistakes happen.

I suggest you ask questions and participate (don't take over the class, LOL) hopefully you'll get an instructor who has financial experience that can relate the materials to real life instances and not just read the book.

Should I continue to buy these premiem type homes that rent well and cash flow great but keeping dropping $25-$35K cash per home.