Frankly, if you are proceeding with a transaction and you are NOT comfortable, do not proceed. 

I would only recommend moving on this if you are comfortable owning it for the long term.

Hey @Jonathan Baptiste, so we are a bit different than some.We have a large house that can sleep 12 comfortably and we provide a lot of stuff.

This is a tough situation, but you’re gaining valuable experience that will serve you well in future deals.

It sounds like you’re bringing a wealth of experience from the commercial real estate world, which will undoubtedly serve you well as you expand your residential portfolio.

But I generally don't find that clients need to spend that much money on the process when some simple coaching can make them comfortable in their search.

The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.

Get out of your comfort zone.

Off market deals usually have nonrefundable deposits and a clunkier process that isn't as suited for out of state people until they have good contacts in the area to evaluate the property (mostly contractors that feel comfortable evaluating projects for you).

I am currently serving in the United States Air Force, so as a military member, I will be moving around during my career.