The downstairs tenant made a deal with her ex-husband that he would take the autistic child 3-4 nights per week to stay over by him, so there won't be any noise issues on our property (the tenant's older kids can keep quiet...it's just the autistic child that is creating the noise).

If you can get in and out of a BRRRR let's say leaving $10k in the deal.Obviously not having your name tied to the debt is a plus, but also if you haven't structured these correctly they can come back and bite the investors (due on sale, issues with prior owner of record etc). 

I lived there for 3 weeks and then had to move back to Fredericksburg VA for a multitude of family issues.

I bought a Victorian mansion from a friend who hired the local professional flooring/bathroom company to install the bathroom tile and she had 3/6 bathrooms with large tile crack and have other issues that she had to have them come replace the tile twice in one bathroom.

@Paul D.I ran into this issue.

I would recommend first off handling whatever credit issues or building your credit profile/score. 

Based on your numbers above I cannot imagine any of this would be an issue however as your DTI should be fine, but no one can give you definitive answers without an application.2. and the last sentence of the above IS the way yo insure a smooth process.

However, there's a critical ethical issue if the company did not accurately represent these terms or the process, leading to your misunderstanding.

Keeping records of any notices you issue to your tenants is also crucial, as it ensures that you have a paper trail of any communication or actions taken.

You could do private lending - a loan secured against an asset like real estate - and get the monthly cashflow from it without the overhead of a mortgage, issues with tenants etc.