Any tips or advice you can share would be greatly appreciated!

Less than a year after I took this picture (which I printed out and hung up on my bathroom mirror so I could see it every night before bed, and then see the real thing at the gym every morning), I quit my job and have never worn a shirt and tie since.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

I inquired about the area codes they prefer, the types of houses, the kind of work they are looking to do on the properties, and other details that would help me locate a deal for them.

There's a Section 8 mobility program in this area with a quicker turnaround for placing tenants, about 3-4 weeks.

All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

Hopefully the FBI can get them, I read others on here filed a complaint also. 

This would significantly help my ability to afford the market from a house hack standpoint, but I want to understand what those tax advantages are renting out my basement as a business rental.

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I'm not purchasing this property at a discount so I want to make sure it's worth it.