I know I shouldn't let emotion get in the way of business (which is why he did this without telling me first) but they are both single working class middle age women and to make things more complicated, we also live in the building and one of the tenants watches our cat and takes in our mail when we go away. 

Remember the age old saying in real estate investing is that you "make money when you buy." 

correct me here Jerry.Also when you are negotiating offers, being an FHA buyer can put you at a competitive disadvantage, because appraisal guidelines are much more stringent and might require repairs to the property even if it’s not really warranted by custom.

My question to the great BP folks is: can these houses stand anther 30 years for my investment or should I avoid them because the age and problems come with it?

All members are now well into retirement age, and two with serious health issues.

They will respect you for how you run your business and not your age.

Survival rate at that age is like 95 percent. 

Would like to know the ongoing interest rate with what %age down for how many years?

Would like to know the ongoing interest rate with what %age down for how many years?

.● All residents of the property 18 years of age or older MUST submit an application and completea criminal and credit background screening.● Smoking is NOT permitted inside the home or garage.Hope that helps!