@Noah Laker Will you be running the house or leasing it to a company.

Miraculously, I didn’t lose my shirt, but I broke even on one house and, due to other circumstances, had to walk away from another.

Illinois--Single family house 360k asking- built-1920s-told that it will need repairs.

This was a great way to keep the home in the family and avoid the house going into tax foreclosure.

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

IE  someone sold there house in Minneapolis to move to LA but the house they are in contract to buy just got destroyed ?

Have you made a research on house prices, rehab costs, time on the market to sell and etc?

Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land

Quote from @Adebola Adetunji: Hi folks,I was on a routine walk  and noticed a dumbster placed in front of a house.