Who would not want a legal, permitted unit for $8k or anywhere close to that (i believe the $8k is likely optimistic)?  

I have a good amount in savings, and as a first-time homebuyer, I believe I can lock in a low interest rate.

I believe I am going to make the unit all electric preventing the need to meter out the gas.  

i believe charlotte is around the US median.the reason i mentioned house hacking was because you mentioned an FHA loan. 

I believe it said a 62% occupancy rate.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I believed the company had liability because the allegation "should have known" was outside the policy exclusion. 

You save up money, buy an investment property in a market you believe in, and hold it for 30+ years while managing it as best you can.

I don't believe they ever approve water to be turned on.Is this a conventional loan?

I truly believe that how I run my properties and take care of my tenants is a direct reflection of my character and work ethic.