I just want don't want to miss anything and get myself in hot water with regulators. 

Water is typically my biggest deal killer.

The area is small but is right outside of Bowling Green (the third largest metro in KY-60 miles N of Nashville) and there is residential construction going on in the area that appears to be selling around $225k on average for a standard 3/2 home.

References etc.I wouldn't rent to them at the local standard rates, but I might look at a 25% premium if it looked good otherwise.Did they say why the needed it for a year?

A lease isn't a doc if not vacant , its standard .

Quicker, less invasive, less expensive sewer replacement than the standard trenching method.Lessons learned?

It could be an easy fix like this or a bigger problem depending on the factors at play (are the joists accessible, will it mess anything else up if you just jack it up and reinforce, is there water damage or structural damage to the foundation causing the sag instead of just old joists, anything else going on like a supporting wall or posts under the floor, wiring or plumbing runs involved etc.).

I’m new to the note investing space and want to start off with buying a partial note to test the waters.

It was an old house and it was costly to keep it to the standards for Sec. 8.

Hey Naveen, unwarrantable condos are pretty standard non-QM.