You never have to answer to them.Bad: They also offer very little support in general and don't have huge motivation to help you. :)  So you get minimal help on learning good negotiating and actually being good at following deadlines and understanding how to protect your client (yourself) in a transaction. 

You need to check with your FHA Lender.As far as the property goes I agree with Thomas S. the numbers do not support a good deal.  

The other investors I know all have over 100 units and I express with them literally every weekly that my goal is to own 1,000 units within the next 10 year (now 9 because I made this goal last  year) and they are 100% supportive and help me out all the time with any advice, contractors, financing, and deals because they see me every week down there and they know I'm serious because I take action.

Thanks for the motivation and support.

It seems most people are doing so to allow rental income to support DTI ratios.If I can income-qualify for purchasing a property without utilizing a FHA loan, is there any reason or need to do so?  

I'll let you know how it goes.Thank you for all your support! 

Re-rent @ $600-800/mo if the market will support it

So glad I stumbled upon Bigger Pockets and the lovely people here support this community!

Dad isn't on lease- I am not going to support that behavior where a grown woman has her daddy involved.I plan on having a direct conversation with the three tenants on the lease to openly and responsibly address concerns.Here are my questions:In reviewing the deposit check, I noticed that her dad IS a joint on the checking account.

My best advice, sit down with your professional supports and hash it through... there is no one right answer, and those that know your situation best can give you the best advice.Hope that helps!