I'm a bit shocked that competition is so fierce and prices are so crazy.  

With a lower credit score your lender is going to want a rental history Most likely 12 months at a minimum of cancelled checks showing rent paid I wouldn't be surprised if your lender brings up payment shock (going from zero housing expense to a mortgage) when you go to apply

This would be a good opportunity for you to learn to do your own preliminary title repot.Also close with a lawyer or title company and do not release funds until you have a COMPLETE file and title report.

Still ironing out details but preliminary return looks like it's going to come in the the low 30's profit.I'm stretched on other investments at the time but don't want to pass this up.

I was shocked when I moved back to Cleveland from Phoenix.

@Shanel WigginsI wouldn't automatically discount the deal as being bad, but I wouldn't be shocked if there's something there that you didn't expect.  

According to HUD they did not find any health risk outside of some head aches, throat irritation and the like.The best way to do a preliminary check is to pull  out an outlet and look at the ground wire.  

I was shocked to find out that I was charged a $35 wire transfer fee for the rents received.

Our realtor and the sellers realtor were completly shocked as well. 

First of all, I would recommend a preliminary meeting with ownership in which there are agreements signed.