My lender says that shouldn't really be an issue, but just wanted to see if this was too good to be true!

Let’s get a discussion going, I’d love to hear different perspectives and see how investors are overcoming obstacles in this market.

I would still use a Hard Money Lender for something like this - some have a minimum but you may just have to search for a bit and find one that doesnt.

Right now, I’m actively learning and planning to start my first projects this year.

How did you find this deal and how did you negotiate it?

Worked with an agent via a referral and landed this centrally located home that comes with a 1BR/1BA casita in the back.

Except for some commercial investors, this is virtually never the intent of a residential performing loan investor.Lately, performing notes investors are typically earning between around 10% to 15% for very little work after origination.

If anyone can suggest an investor-friendly agent in the area, I’d really appreciate it.Beyond finding a great agent, what steps can I take now to continue educating myself and preparing for this purchase?

In my area the number of properties on the market continues to be very small and prices remain elevated and I wonder if this could be a contributing factor.  

This of course pushes "comps" lower and affects the selling price lower of anybody trying to sell.