I would say Corby makes a really good point with regards to the MI that you pay with FHA. 1) I definitely would refinance into conventional (if that is an option). 

You also get mortgage pay down and tax benefits.Beyond that, you're not seeing the long term.

I assume that I don't actually have to pay the capital gains until the principal repayment exceeds my cost basis, which on an amortized loan would be quite awhile (assuming they don't refinance and pay me off altogether).

-I gave them a 3yr option to buy at anytime-purchase price increases 1.5% every 6 months-They put $10k down (non-refundable) that will go towards their purchase-They pay $1850 in rent. 

I've spoke with the folks over at Abodea, who do offer a scalable call-center approach to HOA PM at quite affordable rates, but we're still missing the kind of local, on-site general contractor/handyman or capital management planning schedules that would be required for proactively addressing homeowner and community association needs. 

How would you use real estate to help pay off student debt?

I am planning to do some flipping projects in the South Bay.

Other than the inspection report, there aren't a lot of reasons why buyers change their minds after submitting an offer.Since these are legally binding contracts, you could be opening yourself up to be liable for losing your hand money and even paying the full purchase price of the contract you sign.

Since the interest rates are high and rent's wont cover mortgage , i'm ok with paying money every month with hope equity build up and rates going down in future  .

The inability of the tenant to pay rent significantly affected my cash flow, and despite the availability of state aid programs, it took several months to bounce back.