Sounds like you need a good realtor and not a financial advisor Sean!!

Hi @Natasha Richardson,I recently purchased a Multi-Family with an FHA and would recommend you do the same if you're financially able to.

@Carlos PenaYes, either buyer or seller can "change mind" after signing contract.However, contracts are legally binding so there are consequences if both parties don't agree to the change, usually financial penalties.Check with your local real estate attorney to know what the consequences are with your particular contract and whether it is worth your time and expense to enforce the contract as signed.

I am voraciously listening to as many financial podcasts as possible which is how I discovered BiggerPockets. 

I'm willing to invest wherever it makes financial sense and there's income to be had and a business to be built.

If I meet the other financial requirements will lack of multifamily experience be a deal killer? 

Your lease is NOT there to "outline what is expected from both parties"  Your lease is there to tell the tenant what he or she can and cannot do and what their obligations are. 

Now any other time I would automatically reject a candidate for having an eviction, but I am thinking if I should reconsider given boyfriend's financial background.

I intend to actually invest with a mortgage on my second property only if I do go through with buying this one with cash.I do appreciate all feedback as this is probably my biggest financial decision to date - if you strongly disagree or agree with my plan PLEASE let me know as I need to make a decision soon.Thanks!

Most of these homeowners are in some sort of financial duress and are depending on the sale to rectify their situation.