Also would need more background/history on Mike the Builder.

Technically, as the law stands you can do it the very next day.

So do a background/credit check, get a full application, paystubs (Call to verify), former landlords phone #s (Call to verify), and other information.

Technically nothing Anderson recommends is wrong but in most instances what they recommend is completely unnecessary.

It'd be great to touch base to learn more about your investing background and your Kansas City project.

I finalized the property on May 3rd and they told me they already have a tenant ready to move in (they did not take my approval or anything or even informed me their background).

If they're like the other relocation companies, you can ask to background check the tenants.

You have an incredible background that sets you up well for what's ahead. 

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

Although that is technically possible, it ain't that likely to happen....so be realistic.