Be especially careful charging a tenant for the entire cost of carpet when the carpets are like 10 years oldPicture or pin holes in walls, as long as not excessivePainting the exterior of the homePressure washing unless there are oil stains from their autoRoutine maintenanceThere are many more circumstances that could and will come into play, but lets all work together to come to a resolution.

In all circumstances that qualify, the application for the new FHA loan is processed on a case-by-case basis, so a borrower will need to work with his or her participating FHA lender to see what is possible.

The financials for the purchase are below.

Hi, Came across this lender: http://www.atlasfinancialllc.com/Wanted to know if anyone has ever heard of them or used them? 

You may get hit with self employment tax too depending on circumstance.

You will want to look at several years of financials to understand what is going on.

My bother and I put in the sweat equity in finding, managing, and interface with the tenants, while my father brings the financial backing for this venture. 

But due to change in circumstances, I cannot move into that new home for a while.

There are generally three facets of property management: tenant management, maintenance management and financial management. 

Or go and try to find someone locally who's been investing for a while who has some capital who can be your financial partner.