@Thomas LogginsI think a 7 unit is an excellent idea. 

The good news is they can also add a lot of value if you do them correctly, because few people have the desire and skill to mess with that level of problems. 

The good news is I had a large down payment so I still walked away with a little money.

Now, my credit score is excellent and DTI is very low, so I should have no problem qualifying for the best FHA rate. 

If you maintain ordered and timely communication between all involved parties, have excellent interpersonal skills, are business-minded and un-stubborn with eternal patience for customer interaction and able to remain calm and professional in any discussion environment, then you're a cut above most of the field.As far as growing into top-tier, decide what demographic that means in your community and break into it. 98% of my work is client referral and over the years I've moved past the "hungry" phase of doing anything for anyone, having my hourly be sliding scale, etc. and into being busy with work that I actually like doing and what I want to be doing.

Some produce excellent cash flow north of double digit interest, others are more conservative and produce less.

They wanted to sign a 2 year lease at ask price, assuming the guarantor have excellent credit and income, do you think is still a good candidate to rent to? 

@Brian Stutzman That's great news!

Harleaux, here are some links to get you started:https://nola.gov/short-term-re...https://www.nola.com/news/arti...

I would vet the person, confirm POF (proof of funds) if there is an LLC  the contract will be in (copy of docs confirming he has the authorization to sign on behalf of the LLC)and yes there are properties in the Atlantic County area under $100,000, but you will need to define the city and have an excellent Realtor to assist in the process (some areas taxes are higher).