If you are debt adverse this might be a good plan. 

As this is my first investment property I'm still feeling very risk adverse...Also, could anyone recommend a turnkey contractor to quote the rehab?   

Under FCRA, when you are 'adversely affected', which includes conditional approval, you are entitled to know why.  

We live in Louisiana and squatter's rights and adverse possession I'm not sure of, but SBA has never tried to evict or posted any foreclosure papers.

He's been in court for a year,  is pro per (no lawyer), but seems to have the blessing of the judge on his case. Why would I write that?  Because in California,  nobody can record a "notice for pendency of action" in ...

Does everyone here use more than one agent, and if so how do you work with them without adverse reactions to not using one exclusively?

They might offer to give you the property, ask you to reduce the payback amount, or decide to just walk away, which means you may have to take the property back.Mortgagor Problems: They could suffer from a lost job, a divorce, addictions, illness that piles up medical bills, and other personal adversity that stops payments to you.

Be prepared with your "Adverse Action Notice".  

For some, the benefits of conduit loans are offset by complex loan documents, high closing costs, market-based pricing that is subject to change prior to loan closing due to adverse market conditions, and loan servicing that is oftentimes handled by a party other than the originating lender.CMBS activity has picked up since its reemergence in 2012, but CMBS lenders have recently found multifamily loans to be difficult to win due to other available lending alternatives.

Thanks @Patrick McCandlessI like the growth opportunities in that city, projecting the next 10-20 years steady but solid.I'm also not at all adverse to Chandler & Mesa.