You've got pocket parks in the area that might be perfect for you, but you walking around after dark may make you a bit uncomfortable.Going south to Station North, you have some interesting opportunities.

I would hope to rent the 2 bedroom unit on a month to month lease and then move in to it next year and hopefully just have the tenants in the 3 bedroom pay my mortgage and have minimal expenses while saving for another property. 

I have been burned in the past by insurance companies (as Steve B eludes to) and the LLC upfront costs were minimal going through LegalZoom and then having my attorney review the paperwork to make sure it was good to go.  

-Only minimal damage to your credit occurs because lender agrees to a settlement.

-Only minimal damage to your credit occurs because lender agrees to a settlement.

First, from my read of the original post, you don't bring the necessary experience to the table to do this deal in a straightforward way so you will be feeling your way around in the dark and most likely this will result in failure.

The ability to "talk the language" without needing an "interpreter" seems to give me the arsenal for success while minimizing the dependencies.I am looking at Temple University Real Estate Institute's online coursework.

Training can be fairly minimal as long as the call center has agents with good English and phone skills - and your manual is solid.

To minimize transaction fees, custodians can cut checks for recurring costs -- such for trash collection -- to cover three to six months of payments.

However I'm trying to find what the risk here is and how to minimize it.