I had an applicant who had their home destroyed by flood, with three small children.

3 small children, no money, bad credit, determined.

I would rent to them indefinitely if they turn up being cool though.My big concern is with foster children if things landlord tenant relationship are bad with them in the house and I do issue a notice of non-renewal what would be the likelihood of an eviction if they refuse to leave. 

Although it cant be a corporation, you can take advantage of the provision even if you, yourself, are not the first-time homebuyer, since the first-time homebuyer can be the IRA owner, his or her spouse, or any of their children, grandchildren or ancestors.or are you asking this regarding the FHA loan? 

Horror #4: we rented a 3/2, 1120’ SFR to a minister, his wife, and 4 home schooled children.  

Families with small children will avoid the property.

It is for a 3BD (including master suite overlooking a lake), 3Bath, nice neighborhood.I'm trying to figure out the wear and tear I can expect from different prospective clients like:- Teenagers- Children- Boys vs. girls- Old vs. young- Extended family (e.g. grandma, mom, daughter in the house)- Other?

The analysis may change depending on if you are flipping, wholesaling, buying-and-holding, etc. and also whether you plan to use financing or not.You'll also want to start thinking about such things as can you transfer your ownership share - what if one partner has children he wants to leave it to? 

I would respectful, polite and sympathetic as if if were a friends children.

The main reason we'd like to get into RE is to help supplement our income since my wife stays home with our 3 young children.