Lot depends on your evaluation and how much pre work you have already done.

Explore assumption of the existing loan, if permitted YUp you could end up with very real issues regarding title insurance with pre signed deeds. 

The seller accepted $180k, so inspections start tomorrow (Wed) and Friday. 

CLOSING: If you have your pre-approval from reliable lenders, then you should be able to close with a favorable loan option.

I've been "analyzing" some properties on Zillow for practice and to see if this would even be feasible for me to accomplish, I haven't found any properties under 4 beds that would cash flow, however there are properties that have more rooms within my pre-approval price range that look a lot better on paper.

In that case, and you are willing to provide the required income info, when you look at the TRUE cost of a loan (rate, up front costs and pre-payment penalty, not just rate) conventional will be the best option every time. 

@Anastasia MonroTo achieve financial independence in real estate, focus on boosting savings, improving credit, getting pre-approved for a mortgage, searching for properties with high rental demand, researching local laws and regulations, building a team, staying educated, preparing for property maintenance and management, and being patient and persistent.

Initially, we conduct a pre-screening by sending out a basic application to determine if applicants meet our minimum requirements.

There is one house 6709 Amsel Ave in Canton , they have had on the market for a year, as of Wed this week,  Just expired on the MLS listing.

Don't care if you get covid, have a wedding to go to, have season tickets, have a day job, etc.