After years of reading books, articles, forums, listening to podcasts, youtube, attending seminars and webinars, I've made myself (credit score) attractive to lenders and have been approved for a first time home owner loan, FHA.I've been obsessing over my local market for over a year and now that I can actually participate in it is exciting...so much so that my judgement is periodically impaired by emotional enthusiasm, luckily however, all the previous education has enabled me to level out and think critically on the numbers and locations.The problem I face now is that all of the properties currently on the MLS are all the leftover scraps that have forever remained on the market and are terrible choices in everyway.

all cash that makes sense... but do your "screening clauses" impair your rights as a landlord?

Supreme Court: It is the settled law of this court that the interdiction of statutes impairing the obligation of contracts does not prevent the State from exercising such powers as are vested in it for the promotion of the common weal, or are necessary for the general good of the public, though contracts previously entered into between individuals may thereby be affected. . . .

The appraiser may call this functionally obsolete and deduct for the impairment.

I am somewhat cognitively impaired when it comes to paperwork- hate doing the stuff, and it seems to hate me.

Everything that can impair your expectations.

The discount to fair market value is the key factor.So what is the value impairment for a $5k judgment?  

Hey Kurt how's it going thanks for the reply I am visually impaired that is what i receive benefits from but it's not enough for the cost of living here so i will try anything that will help my problem

So my biggest concern is if rents dramatically decrease such that my cash flow is impaired.

A drugged or mentally-impaired person has impaired capacity and chances are a court may not hold that person to the contract.