My husband said it was raising a red flag for him.... and then we noticed a 1 foot moldy water spot on the ceiling that was coming through the fresh paint. 

Hey all! My name is Steve, I just turned 32, and I'm from the central Pa region. I grew up in Milton Pa, but I am currently living in Sunbury Pa.I'm here to learn as much as I can about real estate. More specifically,...

If you or I lent a 40 year old rocket scientist with a Ph.D a million dollars for a rental property commanding $500/month in rent, and there was no other income, they would call it "predatory lending" at best, and possibly investigate for fraud (for self evident good reasons).Yet somehow it's OK to lend teenagers $200k for degrees with little to no value?

I would not change the locks until you worked out a new lease deal with Joe (unless you feel there could be violence, which if Jane is crazy, a new lock will not stop her).If Joe is unable to handle the lease on his own, or work out a deal to settle up and start a fresh lease, I would just start the eviction process.Joe will either come to the party, or maybe just bail.Either way it sucks, but it is better than getting sucked into the Jane and Joe drama vortex.Michael P Currie

Keep in mind, this will be a freshly rehabbed property.3) General thoughts on that price and rent?

Several of the criteria you cite could be viewed as discriminatory by HUD investigators (i.e. criminal history, education level, profession, language) if they tend to lead you to reject qualified applicants who are members of protected classes at a higher rate than applicants who are not members of protected classes.

I do have to thank that silly Than Merrill radio commercial that caught my attention when I needed it most (wife was freshly preggers and our finances were in the crapper) to getting me motivated enough to show up and learn enough to go out and start "crushing it."

I may be in position to investigate this opportunity and would appreciate some info from folks that have actually been involved in it. 

The tenant left feces on the freshly painted walls and the new carpet, left a huge trash bag full of rotting food in the house, with maggots all over it. 

I say paint all the walls fresh white paint.