In the current financing environment you would think that condos and townhomes are perfect price range for first time buyers, but few are FHA approved any more and some are what we call non-warrantable which makes financing more difficult. 

EZ to read sometime difficult to execute.

My biggest pet peeve is the the way you have to deal with balances on a credit card. 

I had already missed 3 payments before things balanced out.

I went from netting a few hundred dollars/month to netting $2200/month, and when I get my bank statements each month I just scratch my head show my wife the increasing bank account balances.  

Here is what I’m thinking:Was intending offering a 3-5 year option with owner to finance balance at end of option.

All NOW carry low loan balances and live in same home.  

. :) You could find a couple cards with zero percent balance transfer offers and move the balances to them to stop the interest charges.

They seem to be doing fine as they have managed to keep a balance of about $6k in their bank accounts but would I consider them very risky and I don't think they can afford paying $2,200 rent without facing financial hardship.

If she hasn't, I would definitely start the eviction route, as it will be much more difficult for you, if she's in jail.