Great news, finding the right lender can solve the FHA or conventional problem.

Now it's an out of control machine with a lot of financial incestuous relationship in the tupperware farm.I like your analogy.

The financial analysis side of CRE really excites me.

Are there other legal or financial consequences I should be aware of?

I've had so much emotional and financial stress from this house after I moved out (mostly from a mean and very demanding tenant).

Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

@Jordyn Ohs Suggest you run a financial model and assume 100% vacancy.

If your entity has several years of operating history and good and reliable financials, you may be able to find something. 

Buy and holding is the best way to building financial freedom.