@Martin Grizzanti i was going to attend the meeting on Thursday but i have another engagement on that day but i will be attending the meeting on the 27th all things being equal. 

You must treat every applicant equally as a landloard.

For example in a two member LLC of otherwise unrelated parties, arrangements made between members such as rights to buy out the other upon events of withdrawl should take into consideration the financial abilities of both and if they are not equal, then provisions should be made to level the playing field.

Building a team will be a crucial part of my business to ensure a "smooth" process ("smoother"?). 

Meaning you may have to build up cash since you pay by cash.Also, you can also put your numbers side-by-side to see what may be the better buy, given that all things are equal with the SFR verses MFR (ie rent, taxes, other expenses).With that said, this seems to hinge on if you "want to" or "can be" out of the cash  you would typically use to buy.I leverage at the moment because I don't have cash to buy knowing that I will need cash for the next deal.

I met the  qualified renter  and  he agreed  to reserve the place with a non refundable deposit to hold fee equal to one month rent.

Leases will very state by state and it's crucial that you as the landlord understand the details before you rent your home out.  

HUD will accept any bid that is at least equal to or greater than the minimum acceptable net offer and presents the highest net to HUD"

If there is debt of $290k now, that means in order to have what would be equal to a DP/equity of 20%, the house would need to be worth at least $360k now. 

I also have 200k in student debt which I originally was planning to have forgiven after paying minimum monthly payments for the next 15 years ( then they will forgive the remainder) which will eventually equal approximately $117K paid by me,  and approximately  $83k forgiven My question is,  should I pay off the debt immediately when I receive the inheritance and use any remaining cash to purchase only 2 or 3 homes (using either DSCR loans or full cash purchases) orkeep my loan, continue making approx $650 a month payments,   and invest my inheritance in several brrrr deals or 4 or 5 DSCR loan single family homes or 2/3 duplexs.Any advice or insights would be great appreciated