Newbie question for getting started on a potential 1st deal. I've been aware of a particular property in my neighborhood for a number of years because I was acquainted with the older couple who lived there. The husb...

I am going to take it slow as I have time to investigate.

Did my first-ever preliminary repair inspection (I am not a licensed home inspector, and they knew that going in).

Investigate the cause and fix it now while the unit is vacant.

I am investigating the Solo 401k - it looks like my best option at this point.

I have not yet rented to Section 8 tenants, but have had so many inquiries from people with vouchers that I did investigate some of the details.

So we are 12 days out from our preliminary closing on a rent to own home.

I ask these questions because I had a fire on one of my properties at the end of February and it takes my insurance company two months to finish their process (completing an investigation report etc.) to pay me 10K "downpayment" out of 35K total loss to get the restoration work started.

There are first time home financing programs available, might be better to investigate that while making that offer.

You can be sure your insurance company deals with these kinds of things all the time, and they are well aware of money seekers and ambulance chasers.I am not so sure they would appreciate you trying to run interference or investigate the case on your own.