Thanks @Shawn Holsapple for the feedback.It truly is in Little Flower, but it's also a truly tiny 2BR 1Bath bungalow.The seller is motivated, he is in California, he is fed up with his PM not answering his calls.

The internet sellers never seem to mention it and at least one, Alpine, sort of gets around it by offering their own warranty.

I kept an account open with them that I opened in 1990 (tiny balance) but I never use it.I completely forgot to check with them...but thanks for the reminder.

Charlotte has tiny little pockets of nice areas - and vice versa.  

... it's so tiny?!).  

The particular line quoted signaled a tiny red flag when I read the word "obligation".

But, you want the 2/1 or 2/2 NOT the 3/1 + because no one wants to have bunch of roommates in a tiny bedroom.

I currently live in 50 sq ft which is less than most tiny houses, it's a boat so I don't have a lot of stuff.

Maybe yes if you are the senior debt owner instead of owner of a tiny equity portion.I’ve heard some brokerage firms offer security-based loans at very low rates:1.6-2%. 

In Atlanta/metro, you have to have a "real" kitchen permitted, even in a backyard tiny house.