I just used cash to build my first 3 specs no loans at all.. once done and sold then I went to lima got one loan from them.. then went to local bank ( much much cheaper) and got a 3 mil  guidance line and went on to build 30 or so in charleston.. you have to prove the model.. its not like buying a rental where lenders look strongly at your fico  fico is required but not the main consideration like and investor loan and all you need is 20% down or 30% down and a few bucks in reserve that wont fly with spec loans..

I just know I don’t have the knowledge yet to find a deal and a lower price point is appealing for sure.

BTW, the rental property is cash flow positive.Good questions @Bob DoleJust a quick not to clear up any confusion, Flips are not rentals, and as a result, don't depreciate.

These are professionals with additional training and a stricter code of ethics.

I am guessing that the vast majority of homes 10+ years old had some sort of water damage at some point, most had probably several.My own home is only a few years old and we had the washer spring a leak and a few years later the RO system in the kitchen started leaking into the cabinet.Seller disclosures are pretty useless in my opinion.

Moreover, the government has made it very clear that it wants to attract foreign investment and a measure like that would be totally counter-productive and downright dangerous and negative for the country and it's the economy.

The issue will be if you have a number of rooms and a single abuser. 

Will finish both tomorrow then work a shed site down below and a road around the property.  

This doesn't give me too much to work with, and as a student, I still have 0 income :(.

Depends what you're looking for really, it might be worth discussing your strategies and goals with a broker, a national lender, and a local CU.