You could still lose the property in an hypothetical law suite, etc. 

But, I knew that as long as the numbers worked and we weren't losing money then a condo could be a good first rental property.

But, I knew that as long as the numbers worked and we weren't losing money then a condo could be a good first rental property.

I hope it's ok to ask questions about this here; I know it's not a standard investment property situation.Last night, one of my tenants yelled at me for several minutes on end, then made a vague statement that he felt he might lose control and do something regrettable.  

You may lose the anonymity this way.

Now for the future I know exactly what I need to do and how to mitigate the chances of losing.

Even at $2500/month I pay currently for rent would it be worth it to take on this venture or should I look out of state where I could conceivably buy several properties for the same price even though I’ll lose the FHA and have to do the full 20%?

What is the income you are losing by delaying?

Tenant will need to pay only the amount of rent the landlord loses because Tenant moved out early.

I'd emphasize that it's not safe for her to live there in the current condition, the city is going to start charging for violations and you can't allow it to continue.In your shoes, I would loop in the Housing Authority caseworker because if she gets kicked out and/or doesn't pay her rent, she can lose her voucher, which would further add to her issues.I have generally found that empathy goes a long long way.