Once in a rare while someone will say a number that is actually below the range of what I was prepared to offer.I will evaluate every lead as a flip, BRRRR or an assignment to give myself options.

I would say as long as you are within a 10-15 min drive and on the N/NW side of town you are good.

Not enough info to say a hard pass or a hard go at this time. 

I've heard Robert Kiyosaki and many other MLM leaders say a person must have a bigger reason than merely "making money" to succeed.

Our government encourages shopping around with different lenders, so if the credit report is obtained by multiple mortgage companies within a close time period---let's say a month, the effect on the credit score will be minimal.

Say as little as possible beyond noting that there is undisclosed damage and you would like to cancel the contract. 

Do that yourself - do not delegate it or just rely on what the agent(s) say, as they have a vested interest in allowing you to continue to believe it's a legal 4-unit regardless of whether that's truly the case.In general, if it is 4 legal units, I guess I'd just be concerned about buying something with such high leverage.

When flipping a house with lets say a total of 3 people, each takes their profit & are taxed individually correct?

Their terms are purchase price of $199,000, $5000 down payment (which I have no problem), remaining balance to be carried at 5% for "a while" they say, a monthly payment to them of $1,080, plus half of insurance and taxes to be paid by me which the owner figures is about $300 a month plus all utilities on me.

But if someone approached me with an opportunity for say, a large multifamily deal, I wouldn’t say no to it just because I want to do STRs.