My townhouse is purchased with an FHA mortgage and has PMI as well as HOA of 192/ month that includes water and basic cable.

I tried to include all the pertinent information below:Rental Income: $13,200Rent: Currently has a tenant on one side at $550 per month without a lease – I’ve made it a condition of the sale that the tenant has either signed a new lease with my property management company or delivers that side vacant; other side is not rented out due to required rent ready repairs; rental comps in the area show between $550-600 (I’m being conservative and assuming $550).Expenses:Vacancy: 10% ($1,320)Property Management: 10% of gross rents ($1,188)Property Taxes: $2,065 ($905 for City of Memphis, $1,160 for Shelby County)Property Insurance: $450 per year Repairs and Maintenance Assumption: 2% of Property Value per year ($980 per year)Utilities: separately metered; all paid by tenant except for lawn mowing at $25 once a month for $300Advertising: 6% (roughly ½ of first month’s rent) $792 per yearDebt Service: Based on $49k purchase + repair price, 20% ($9.8k) down, 5% 30 year fixed is $2,525 per yearLocation:This is probably where most of my concern is coming from: Western edge of Hickory Hill, Memphis, 38115; major cross streets: just SW of Clarke Rd and Winchester RdAcquisition:Purchase Price: $42k, seller to pay closing costsRepairs: $7.5kTotal Acquisition Cost: $49.5kARV: Large range of comps in the area, best guess is $60kFinancial Metrics:Net Operating Income: $6,105Cap Rate: 12.33%Cash Flow: $3,580 per year, $298.33 per month, $149.17 per unit per monthCash-on-Cash Return: 36.5%Do you think it's a good deal?

We screen, including calling vet, charge a pet deposit and have rules in the lease about maintaining dog damage, flea/tick meds, and no disturbing the neighbors with barking.

Net worth of assets in businesses is not included in the FAFSA application.

The mortgage has a small balance of $22,000 with a $232 of monthly payments which includes principal, property tax, and fire/water insurance.

You have enough info right now, and including the REIA meeting networking, to be very dangerous.What you need to do now is this:1 - Learn Market Analysis.  

A Protected Tenant is also a tenant who is terminally ill as certified by a treating physician licensed to practice in the State of California, regardless of their length of tenancy.Application fees submitted will not be refunded, including when it is determined that a tenant is a Protected Tenant.

In fact I need to know everyone who is living there including their pets.If you are currently living in a home with a lease option, I doubt that it allows you to sublet it unless that was written in before you signed the agreement.

@Darren BradleyYou will have no shortage of active investors to partner with, including me, if you find a deal.  

Property is EOG and I need about 20 windows in all including the smaller basement windows.