If these are sound, you'll look forward to getting up every day, you'll work when others play, you'll power through tough times and ultimately, you will achieve your goals.When making your goals, be very specific.  

The best way for new investors to evaluate properties would be to use the BP calculator at: http://www.biggerpockets.com/calcAlso, go to the education section in the top menudo and read the begginer ultimate guide book (free). 

This happens because you need the lower 80% of AMI or lower income to meet program requirements but the price is so high in your local area that you need "higher," income to qualify and ultimately you can cant get the home with your intended program. 

The ultimate decision by the IRS is a completely subjective one...a judgment calls.

When people call, I say, "I am looking for someone who ultimately wants to own the house.

Not to mention you'd have to find a lender willing to then lend to you on that basis to accomplish your ultimate goal, which would be at best unlikely.

Have you read through the "The Ultimate Beginner's Guide to Real Estate Investing" yet?

I decided to attend because it's one of the recommended steps for new investors like myself, who are looking to network with like-minded folk.Sidenote: I think I read that somewhere in something called the UBG (Ultimate Beginners Guide to Real Estate Investing found here on BP - If you haven't read it - do so!).

The deposits were ordered back to the tenants, and they only had to pay half of month of rent in both cases since they ultimately vacated prior to the 15th of the month.  

With a fairly low income (43k) I have been searching for investments that will increase my income so I can then snowball the larger amount of income into more investment's ultimately creating long term wealth.