Without a job, no money to invest.These are great suggestions Caleb, much appreciated! 

I also can’t help but wonder if spending your own personal money for repairs would outweigh the benefits of owning the investment property.

That's why I suggested putting $10K down, which is like going on a 2 week vacation.

So would I suggest investing in the area?

I wonder if they “purchase” the home with $600/mo.

So our PITI on the home is $4,020/mo.Keep as rental- Market comps suggest a wide rental range - $3,800-$5,000+.

Landlord shall be responsible for paying any Homeowners Association(HOA) dues and property taxes for the Property.I was wondering if I should add a additional rent clause for the sewer just so I have my base covered in case tenant try to get "smart" with the lease.I think you're fine if that's in your lease to bill them.

Has anyone ever heard of this or do you have any suggestions for a new MLO with no experience?

Outside of that, my suggestion is to do something really hard and/or interesting.

I was more so wondering if aiming for the SAFMR would be allowed or not.