Again, assuming you are working with an investor friendly lender, with minimal/no overlays, that does the arithmetic correctly.Some lenders have overlays preventing all this. 

But then he would rent the apts and keep the rental cash for himself.There were so many devious thing that he was doing that it made the prosecutor's head swim.Yet all of the headaches of the individuals who were caught in this scam could have prevented it simply by doing their due diligence on both Jake and Joe.I hope the readers of this post will learn enough so that they can prevent being scammed.

Just by Lowering you Cap Ex due to preventive Maintenance that would add $67.5 to your cashflow bringing it to $341.99.

What can I do to prevent the "bad" tenant from getting back into my house using someone else's name, etc. 

Unfortunately, no fool proof secrets just preventative measures.

Seriously though, student loan debt is like a thorn in your rear end, it counts against your DTi and may prevent you from becoming seriously wealthy.

Simply assigning the CFD and not delivering the deed would leave title vested in the Seller of the instruments name and would prevent the Buyer from performing per contract terms upon payment and contract satisfaction.  

After the initial establishment of owner occupancy, nothing prevents you from moving out of the home and renting it, unless you want another FHA loan.The second link states: Principal Residency RequirementWhen you take out an FHA loan, it's based on the understanding that the home will be your primary residence.

My goal for my properties are to maximize the return on my investment by finding quality long term tenants at close to market rent, minimizing turn around time during vacancies, and doing repairs and preventative maintenance in a cost effective manner.   

Wouldn't that essentially lock-up for your portfolio and prevent you from selling property secured by the loan or would you need to swap in a new property of equal value if you sell an existing one?