FHA is not for first time homebuyers, but you cannot hold 2 at once, unless certain circumstances apply.

@Shawn Coverdell QuickBooks and other bookkeeping software make life easier for everyone involved when those who know how to use it are the ones using it.

When we applied for the permit to add the egress windows the county wanted us to strip out the finish on the basement and bring everything to current code, since it was done in the 60s and they didn't have record of a permit.

Do the terms of the lease automatically apply with me, or not because my name isn't on the lease?

The VA Reno Loan is a good product but involves tons of paperwork. 

@Daniel Harbuz thank you for replying and does the same techniques apply though or is it different?

I was terrified....i wish i had bought more..light fixes, and holds, turn over to prop mngmnt, with right funding in place beforehand is pretty easy..even less emotional than being to much into it involved present...i just suggest don't buy substantial fix, rehab and flip from out of state...and not knowing area or connections...but hold is pretty easy, not so hard, with right agent boots on ground...

I am ready to move full-time into the real estate industry, with the right move.End goal is to get involved in real estate investing (fix and flips mostly), but do not have the capital to jump into that yet.

If they involved an attorney you will have problems with these people down the line, even if you solve this issue.

When they applied for the lease did you get a copy of their Pay stub (Leave & Earning statement)?