If the tenant established the service, the landlord is not obligated for the (defaulted) tenant's service usage.

I understand that I also have to establish credit for that business.

The common thread in your posts is that I need to determine my niche - which I believe I have established.  

(Anything other than a 30 or 15 year fixed is foreign to my family) I'd like to learn about the different financing options and their benefits and shortcomings both in general and with regards to specific types of deals.Learning and networking (duh) Im here to learn from the successes, mistakes and overall experience and expertise of others in the business of real estate and to establish healthy business relationships.Thanks everyone!

Charles for a period of timeI'm looking forward to meeting those involved in this market and hopefully establishing mutually beneficial relationships! 

At some point in the future you may want to establish an LLC to operate under.

Considering my young age of 19, I sense the only way to earn respect and establish mutually beneficial connections is through knowledge and experience.

Establish a relationship with them, but more importantly, do not ruin your reputation by not "Being in the know" ...Make sure you are sophisticated or accredited and get educated first. 

So write a contingency into your offer that says you will be reimbursed by the seller for the FHA Appraisal and inspection in the event that the property is not lendable under FHA and the seller will not repair or cure whatever is keeping it from being FHA lendable.

My understanding is the requirements vary state by state.Real estate agents do have potential for high income, but it's also challenging to establish yourself and it's a sales based business that will probably require some nights and weekends.