I am also interested in learning more in depth what goes on behind scenes in real estate financing.

If we were to go further with finishing it, we would probably create perimeter walls and a better floor and maybe a bar and a nice rec room space.  

The program requires quality health and does not cover medical claims by avoidable actions such as drinking and driving, children out of wedlock, getting in a bar fight while drinking.  

The ONLY things I had to do was patch/paint a small nail hold (done as quickly as the mud dried) and re-hang a towel bar.

Otherwise barring other quirks in the contract you should get your earnest money deposit back.A well written contract should have a defaults and remedies clause.

The Virginia State Bar considers this post as legal advertising. 

We'll have an inspection done and barring anything coming up on the title search there doesn't appear to be any other catch that I can see.

Welcome to BiggerPockets and the Hawaii scene.

I just turned 30, it's a New Year, and I FINALLY moved Biggerpockets.com all the way to the left on my bookmarks bar, so it will be the very first thing I click on, even before I check my email. 

. (~4-6 bedrooms here).B-level: Similar criteria to A-level but without the custom built homes, 2-income families can afford to live here and raise a family, backyards for the kids, 1500-2000 sq ft houses (~3 bed/2-bath homes).C-level: Majority of houses under 100K, visual repairs needed in this neighborhood, 1200 sq ft average, houses close together, some properties worn down, grass not cut, porch awnings sagging, concrete stairs crumbling a bit.D-level: Struggling neighborhoods, garbage on the streets, bars on the windows, higher crime, crowded areas, downtown city area, wouldn't want to walk around here at night.F-level: War-zone, "get me outta here" property, makes you nervous to enter the neighborhood even in daylight.That's my basic approach when I think about properties and what areas make the most sense to invest in.