found it on redfin. the hud report stated it needed electrical repair and had a water leak. so i was able to get the bank down on their price from 250k. i had been watching this house for a while and knew it was priced high and the second they dropped the listing price i went to go look at it as i knew they were motivated. when i walked through the house i noticed the water leak was an easy fix and also there was no electrical issue as the breakers were just shut off.

I have found screaming deals, but the escrow account for POS is a deal breaker in most cases.

And the estimated appraisal value should be around $90k, so it's not going to a deal breaker, but I still think that too high.

Very expensive and a serious deal breaker for most buyers. 

For what it's worth, my personal opinion is if you don't come from a construction background and you haven't done many deals it would be totally worth the $500 for the inspection (assuming you don't use the same inspector from last year) because something you didn't initially pick up on which could be a deal breaker to you may present itself in the home inspection report. 

Are no current assets at that time a deal breaker?

My question is 1) Is this a deal breaker?

We had to change to breakers for the insurance to cover us so that was inspected by insurance shortly after completed within 6 months of purchase. 

The question you have to ask yourself is: is it a deal-breaker? 

license alone is not a deal breaker since only 12 states require licenses to loan on non owner occ 1 to 4.