So i am Using the GI bill to pay for college, but I also got approved for $6,300 this year in financial aid (Pell Grant/Federal Supplement Grant).

Specific to the underlined portion below  "However, tenants who would otherwise have protected status may be evicted if the unit is the only rental unit owned by the landlord in the building"- how would this impact a duplex where the new owner moves into one unit and a protected tenant is in the other unit?

You won't have to worry about how to overcome every little financial set back that comes your way.  

Learned a lot about foreclosures and legal entities to protect assets.

In this case, the lender likely figured they would cure the lien if they had to in the event of default by the owner, to protect their ability to foreclose and sell the asset to recoup their loan amount and fees. 

It kind of does to me, considering my current financial situation.

Right after you close get an insurance policy that protects you if there is a loss.  

Example offer contract from one of my mentorsPurchase Price: $2,000,000Terms: $200,000 cash down Seller to carry a 1st via an All Inclusive Trust Deed on mirror terms with a principal balance of approximately $1,000,000 at 4% annual interest rateSeller to carry a 2nd for balance of approximately $800,000 with an annualized interest rate of 4%, 10 year term, fully amortized, due in full on December 31, 2030Seller to be named on property insurance policy to protect seller's investment

You can do a lot of this yourself however something like this needs to be done right and you must protect yourself.

- Seekng to create passive wealth to achieve financial freedom (3-5 year target)- Looking to scale up to at least 10 rental properties in 3 years.- Interested in rent and hold SFH, MFH and >4 multiplex properties.- Happy married with 2 kids!