With this in mind, the property must pass a self sufficiency test.

Once you pass a pre screening you get the code and can go look at it yourself.

Not a cheap proposition.With any turnaround Park you'll probably end up evicting some of the tenants because they would be breaking your Park rules and not pass a background check.  

Unless this is in an area where there is appreciation then pass as you have no money for capex and do you know who pays utilities and/or water and sewer ?

Loan below 1 million most of the NNN lenders pass as not worth their time.

Next is credit history, you’ll need to build strong credit cause you’ll most likely need funding, there are first time buyer loans available but they’re only if you plan to live in the house and not for investment properties and it has to be under 5 units, and will need to pass a litany of inspections and meet stringent criteria which means you’ll pay full price for it.

You're lying if you say you have a buyer, or that you will buy a property and you don't have the ability to do so yourself.For those too lazy or too stupid to pass a real estate exam and get a license, get off the block, you need to find a morale ground to base your business on.

You want to get clear on that just in case you get contacted by a future landlord regarding this tenant.Now, once this tenant is out, you will have to pass a U&O before you can put a tenant in there, and part of the U&O will be the requirement to have hot water.

@James Baker if the property will pass a FHA inspection they will pass a VA inspection as well.

Will contact my agent to renegotiate the price or we will pass.