The trade off is that rates are a bit higher than conventional (figure 4-6% range in general). 

If dates are changing from an executed contract always ask for an extension or get an addendum.

One executed a lease for a full year and other for 6 months.  

That has been my Buy and Hold Money and I traded Stocks and Options on Stocks and now Futures online for my Daily Cash Flow.

Flipping is more than likely will be considered trade or business.2) Rentals: For this purpose, rentals are not considered trade or business, so initial inventory costs cannot be deducted as travel expenses.

It is all over the map depending on how many doors they manage overall, for you, low income VS high income homes, what was said about this home you either bought from them or took to them....meaning if this is in a C class did they say hey, unstable tenants in this area you sure you want to buy it etc....So we can all say all sorts of things, the big question is what does your full executed and legally binding management agreement and/or fee schedule say about it? 

As a requirement of the loan modification agreement—and in order to be able to file a partial claim with FHA—the servicer required the debtor to execute a subordinate note and mortgage in favor of the HUD Secretary, which would make the debtor liable to the Secretary for money the government paid to the servicer as part of the partial claim.

This dream could be a reality for you if you are willing to trade your current location for more comfortable living arrangements.

I like your aggressive goal of 5 years, the key is honing in on a strategy and a market then executing. 

What are the e asAgree with @ Arthur above.