A mentor/friend that I really look up to gave me the advice to work so hard and put in enough diligence on every deal (essentially, never become satisfied and or lazy.. keep pushing always) in order to best ensure that luck plays as little of a variable as possible as well as ensuring the best probable chance of success.

You have enough income to satisfy most so increasing it is not  necessary.Do you have sufficient equity to liquidate and get out of real estate entirely to actually retire.

After you have satisfied the FHA one-year occupancy requirement, you can move out and then the building becomes a cash-flowing property with tenants in all units. 

This means if you default, they can come after you personally IF and only IF the collateralized property is not enough to satisfy the obligation. 

Seems like very few sub2'ers would be able to satisfy that clause, even though they are at the same time quite able to make the payments in a timely manner, earning the bank their interest on the loan.

Their agent would be violating their duty if they got 1 cent less then they could.Having said that, as the Buyer, I have to; Know what I am getting (use the correct numbers / reasonable assumptions)Understand the local market (local comparisons; what are similar properties trading for)Be satisfied with the risk return calculus (what is the current return and what may happen down the road)

I use eRentpayment and have been very satisfied.

my definition, is gain as much info you can, and use it to make a judgment call.For me: satisfied with knowledge of condition of house.

I do have a couple of questions.1) What about obtaining clear title on a tax delinquent property where the owner, or anyone with an invested interest does not satisfy the delinquencies during the redemption period. 

If you're satisfied with the neighborhood in general, and you don't necessarily have any compunction against owning a property near any business that attracts business traffic, AND if the numbers work, I wouldn't worry about being across the street from the liquor store.BTW, nice skylights!