. - Also what is the going rate monthly, what services you offer, receiving payment from the owner, using an attorney to file evictions, etc.... 

My father just refinanced his mortgage and will be receiving $20,000.

[This is the weak point where your friend could take your money.]Do NOT receive the refinance loan proceeds from the title company (except proceeds in excess of your friendly loan, if any and normally not).Refinance loan proceeds must be sent to your friendly lender otherwise two things occur: 1) the refinance lender and/or the title company gets suspicious this is not really a refinance, which may kill the refinance loan and; 2) you don't get the discount on the title insurance due to buying title insurance again within a short period due to refinancing (in Texas) because you’ve tipped them off that you’re not really refinancing.

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Although section 8 is pain, you know you will be receiving your money so that may be worth the hassle.

Many people when they graduate are held down and forced to rent because of an issue with receiving financing.

In addition, you will better know the paperwork and strategies behind winning an offer on a property and receiving it for a better price than you would had before. 

We actually received our first (and so far only) offer of $14,000 over asking, the very next day!  

I read that if you analyze 100 deals a month (2-3) a day offer on 10 you may receive 1 agreement.

Dad died, mom received keys in the mail from tenant.