My second question is how can I go about obtaining funding for down payment?

The reason you spent the money for the inspection was to obtain peace of mind or to have a legitimate reason to kill the deal.Basic maintenance, repairs, or end of life issues are not grounds to terminate, but anything structural would.Are you using an attorney for your side?

For anyone looking at programs for obtaining your RE license in Texas, Real Estate Express is having a deal on Groupon right now. .

However I will not provide guidance as to how to do that as it is legal advice and will need to be obtained from an attorney.

I then say in my offer that I am not represented in this transaction, but reserve the right to obtain a selling agent if the offer is countered.  

Would you mind me asking your opinion on whether or not the quality of school district makes an impact on the quality of renter/ease of obtaining a renter?

I believe it is a way for me and my family to obtain financial freedom and to leave a legacy for our children.

As mentioned certain funds are not able to be garnished even if you obtain a judgment.If others on the lease have decent jobs they might be collectible.

As to you purchase of a duplex, that is a single family residence, you can obtain a 30 year at favorable secondary market rates.

With seller financed transaction you'll have the same servicing requirements as a secondary serviver, bonded, insured, net worth, and collection experience will be required to obtain bonding.