Since it is an FHA, there probably will not be much they can do because the FHA mortgage is very particular on proper terms. 

The reason for the speed of renting out is two-fold:First, this is our first time renting out any property and want to learn the proper way while not rushing ourselves into something that we have to learn the hard way later. 

It has sucked.The good news is that today I was presented with a 350-unit development project in Manor that I'm planning to get started on soon and I am actively working on some commercial development projects as well that should hopefully turn into winners. 

Furthermore, I've developed a strategy to save enough cash to get started on investing; only thing is I dont know where to go from there!

I’m working on developing my own list of questions but I’d love to hear other opinions.

I do plan on having a proper office and hire a few employees (3-5).

It was newly built in 1987, the developer got a mortgage of $300K, based on appraisals of $350K.

I spend a lot of time reading and listening to develop them. 

If you dont have a bookkeeper, it is your duty to properly track all the income and expense so that the income can be allocated to each property and eventually to each state. 

I guess my main reason for holding back is not knowing how to properly assess deals and crunch the numbers.