A lot of contractors cannot float or front money for any length of time and this will become an issue as you progress in the project if the GC is strapped for cash.Overall if you can get a lender, HUD consultant, and GC that have worked together on numerous deals together, your project has a much better chance of going smoother when you are in the rehab phase. 

Contact the seller before last and get their explanation on why they sold it.

I've found people numerous times on Craigslist who have hauled junk, including refrigerators, away for free for me.

I've spent all day on the phone with a variety of professionals, including the IRS, CPA's, attorneys and SDIRA custodians, who all have all given me different answers to that same question and most with different explanations why or why not.  

@Upen Patel Great, thank you for the thorough explanation.

If the calculation is equal to 1 then you are not making money, 1 represents that you have enough cash flow to cover your dept. less than one means you were not making money and greater than one means you have a cushion and making money. banks look for above 1 because they want to make sure you will be making enough money to pay them back and that you will have the money should costs rise and change your NOI, I know my bank looks for 1.25 DSCR . usually they just do not look at the properties, they will look at your personal situation ( credit card dept, alimony payments, medical payments) especially if they want you to personally back up the loan. there are a lot of explanations and probably better than i explained, all you have to do is look up DSCR, hope that helps.

They have the necessary systems in place to handle the numerous obstacles thrown at them through the life-cycle of the note.  

(I am okay with that explanation)I contacted the company that opened the 401k and they stated that the company I opened to that the 401k was through needs to create a 1099-R.

@Mark DiGioia there are numerous property management softwares out there that can help you collect your rent online as well as provide other property management features.

But there is no reasonable explanation why I am selling for this price except comps.