Most deals will work out great on an FHA loan because of the little money down.

The lots are seriously cheap and the builders of the above-mentioned modern homes are a-plenty, and since I won't be looking to build anything complicated or palatial, I wonder if the numbers would work out.

The waiting for a phone call, text or email after having a nice conversation and thinking that things would work out.

If you have enough cash reserves to weather the uncertainties of this economic situation for several months and pay for the eviction process, it might work out to your benefit in the long run.

Most of the time, if you picked the original tenant correctly things will work out as they are the type that take responsibility for life.

I will look more into this to see if I can make it work out.

This will take all the guess work out of it and gives you a good workable plan. 

It still seems like everything is going to workout ok but I definitely could’ve done better.

This is a big first step and a huge decision, its crossed my mind that if I did rent and it doesn't work out I could still sell and get the equity out of the home but likely less after renters leave. 

I am rooting for you and hope that your plans work out beautifully.