Instead of fighting the high interest rates, take advantage of them by buying secured first trust deeds currently paying 9.5%.

Also, do you pay the contractor after you would sell or refi the property, how does that work?

The tenant is doing everything right but the assistance program pays out late.

I never paid much attention to it because it was around when I moved away from Fort Worth.

If I sell for $250K, how does that get divvied up between profit and paying off the mortgage I took out? 

No buyer is going to come in and be willing to pay an assessment unless they are getting a deal on the unit. 

As long as the city does not hammer the builder with connection fees  ( or waives them would be best) I can see this working well as long as folks will pay that much to live there and of course Schools will dictate how well it will do long run.  

So I had to pay the subscription fee.

I spoke with them, and it seems like you are paying them 1% to help you go through the process... that's about it.

I've studied various strategies, but I found that the guru made it seem like I wouldn't succeed without paying a significant sum for his program, which didn't resonate with me.