You can very easily end up deep into negative cash flow if as a social worker you show any compassion for a tenants personal situation.This is a business that depends on enforcing a lease without exception and putting tenants on the street when necessary.

These bonds can be purchased at a deep discount because, unlike other bonds, they do not pay out interest over their lifetime but instead pay the lump sum full face value at maturity (usually a long-term ie 25+ years).So the lender makes a minimal amount of money on the mortgage itself, but gets to leverage somebody else's money (the 3% upfront fee) to purchase these bonds.It's a new concept to me.  

Or a deep understanding of submarkets and other networking (good lending, title, contractors, insurance, tax protestors, etc) and experts on contact issues

If urine stains go deep enough, even sanding and refinishing may not help.Get a bid from a reliable contractor for the cost of doing all the repairs necessary to bring the house back into the condition it was prior to renting to them.

I also had to prove the footers were in properly, which required me to dig some pretty deep holes to find the bottom of them.

Every call I've received hasn't been "buy my house for a deep discount!"

Side note we have the capital to make this a cash buy but are concerned about getting too deep into the very first house.

Cleaners will only remove the surface odors, while the deep odors remain.

Paying down the equity farther will put you deep into negative cash flow.

Even if your wife looks like Cristina you will dig yourself a deep hole unless you partner with someone who actually knows what they are doing...