If he's qualified, but only by the skin of his teeth, then I would rent to him but I would want a double deposit and take other precautions.Most people would be ok with what you're doing. 

I would suggest you pick something along like below median and cut your teeth there. 

One of my family members has offered to round up a couple others who have experience with doing the type of cosmetics needed at this flip and will not charge me any labor whatsoever.

There is no excuse whatsoever for not being reachable and giving a response in less than 24 hours.

It also has a huge ARV cushion which is ideal to cut your teeth on.

I have no construction/rehabbing experience whatsoever, besides the little book knowledge I've gained to-date, so properties requiring medium-to-extensive rehabbing are rather intimidating at this point.Thanks again!

In no way whatsoever does it even suggest that you are pre-approved for this loan.It's a piece of garbage that I would advise the seller to disregard.When I was practicing, I'd always contact the lender to see what I could learn about the borrower and how strong they were. 

Healthcare is the move, but at the same time I want to get into real estate but I have no background with that whatsoever.

Highly recommend getting a good RE lawyer for drafting documents to keep all of your ducks in a row anytime you are working with others to make sure there is no confusion whatsoever.

I have no experience whatsoever with this.