Yes payments can reset but banks have tools which can combat probability of default and delinquency on those accounts.  

I thankfully have a resident who is a locksmith and I keep extra locks with my tools.  

At least here in SoFla.If a unit is essentially for 2 ppl or the price per square foot is at a premium (NYC, SF, LA, etc.) then fine.

Cut out non-essentials.  

Considering all of the above, using the rental property analysis tool here on Bigger Pockets, I can afford to pay 150-160k max for this property.

Essentially you buy as owner occupied with 5% down payment, rehab it while living there, and after 1 year you refinance it to draw out the new equity, and then rent it out and do the same thing again with another single family home and a 5% down payment.

She essentially just wasted your time and money.

The modified IRR and Net Present Values are alternative evaluation tools to utilize when this occurs.

I'm looking for somewhere that I can earn the knowledge I need  to succeed and also have the tools/support to become the best.

@Bill PohlUnderstood, so you view your financial stake as essentially a separate partner from your sweat efforts.