I would advise you speak with an advisor to sort all the numbers.

I have found a single family home that I'm interested in purchasing and it is already tenanted.For those who have purchased tenanted properties, do you have any advice or some sort of checklist of the questions I should ask the seller? 

If not you now know my sort of investing criteriaDon't waste my time on future deals that don't at least come close to my criteria. 

All houses typically will have some sort of fixing up, whether it's a lot, or just a couple of fine tuning adjustments.

Account Closed Yea that's sort of what I was thinking.

if you have no other income  sources  -try to locate work with a firm that will  pay some sort of  base salary as you  begin  learning the  ropes  as  getting decent income is likely going to  take  time ...if you locate a place like this  - your  commission  split will be lower as  compared to  working as a  regular  100 commissioned loan offer

That makes it hard to use a lot of these services with any sort of confidence.

Another had hidden foundation issues, that were obvious from the inside, just not from the outside.You will sign all sorts of lies on the paperwork--you inspected the property, etc. 

@Bobby Lister IIII’m not a lender nor is this any sort of advice or advisory, but typically for multifamily investments minimum is 25% down.

Where we are nowAfter sorting it all out over the last 6 months, Bob's kids agreed to start paying again and to formalize the partnership.