As far as my fears of having a horrible tenant as a first time landlord, I would say this isn't a bad situation to be in.  

I have horrible credit but I do own a house... etc... etc...

Horrible experience with your mom.  

The local criminals caught on and it has been horrible since.

The instant I left  the property, it would not work and customer service was horrible.  

It is horrible), sleepless nights, collection calls and bankruptcy. good luck.

School districts are horrible, crime is on the up, local business are going under and are not kept up, and residents are getting worse and worse. 

The current windows are simgle pain and quite horrible at retaining heat.

However the savings come with increased risk and most people are just horrible estimating the costs of risk. 

@Kang-Li ChengI cannot comment on this specific company but we buy loans from similar companies (both performing and non performing) and I Can say the consistent component to these companies is they are horrible at underwriting and write loans to collect the points / fees but many of the loans we see we cannot believe they gave that person a loan.I am curious what types of returns they targeted as the invest in one asset model to me is very risky.