Quote from @Mike Grudzien: I agree with Zach. 

Agree with @Caleb Brown - go slow and do 1 thing at a time.

You would then stress to not incur any improvement cost above $22,000 or you may have to liquidate the property.In this scenariod, $60,000 if you are making an above return at 10% to 12% annually + $30,000 making $4% in a HYSA, the average return is maybe around 8%The blended return would be about 9%You may be better off investing in the stock market, get a slightly lower return but without all the added stress / work.I have to agree, I forgot about the 65% LTV with SDIRA mortgages.  

I fear the price will be significantly more than what I agreed to.  

I do agree, there's always an opportunity but you just have to look and look harder till you find it.

Quote from @Chris Seveney: I agree with Bruce, if there was an insurance claim against the property that absolutely should be disclosed.  

I agree with @AJ Exner about seasoning. 

Good luck.  100% agree that the way to actually make money in real estate is through appreciation, however I think there is a point for that in every investors journey.

Nice to see Zillow agreeing with every sales person from Buffalo LOL.Buffalo is a good market to invest long term if you get a good property, on a good street, in good condition.  

@Najeh DavenportI agree with @Brian Teeter to challenge the appraisal.