By the sound of it even section 8 varies based on location.

If he put some skin in the game, would that make it better, or would this still be a low return considering the risk?

The college draws in at top dollar for events like football games and graduations etc.

I live here in Boise and have wanted to get into the game, but have been scared off by the seemingly high cost of entry. 

I was feeling a little alone in this game but clearly I'm not. 

They have already shown a recent history of not doing so (i.e. their mortgage).The double deposit is enticing because it increases skin in the game but I'd still rather have a highly qualified applicant at a lower price.

@Jordon Nichols - rates and terms can vary from bank to bank.  

Much real estate law varies by state.Good luck to you!

I've read a lot of different things but I figure it varies for different parts of the country. 

On whether this is worth getting into, it will really just depend on your strategy and end game.