He said he will want his luggage, BMW, and some furniture shipped here before he moves in (at HIS expense.)

The only thing that could sink this ship is employment. 

Did you have to pay for shipping?

If you have debt, student or credit, work at clearing all bad debt first and increase your credit score.Personal home owner ship is not a investment it is a liability so if you wish to invest concentrate on that first.

I have worked at the Newport News shipyard for over 11 years working on amazing naval ships and as enjoyable and interesting as a job that this is, I haven't been able to create financial freedom that I desire from just working here.

Banks can usually lock a rate for 60-90 days for fixed-rate loan products, but can create other issues for borrowers by requiring depository relationships and ongoing covenants for property performance. 

My strategy will be to send extremely personal letters, with hand written envelops (just the shipping to address).

This document was titled Restrictive Use Covenant-The Last remaining Tenant.

I called ea one and found the home just before it got shipped off. 

AS @Russell Brazil  says there will for sure be another recession that's a given.but who can time it.. and will it be regional.. there is always mini recessions and hot markets.just look at when a factory folds in some smaller burg.. or like right now look at South Carolina which is ON FIRE for jobs.Boeing 787New Volvo factory not yet manned but thousands of jobs and support coming in the next yearMercedes building a new factory same thing.building a new embarkation debarkation for cruise ships in Charleston  14 hotels under construction in Charleston.. then look at another market where not much is happening and won't be happening.but right now real estate is hot and frankly its pretty solid right now.I am not sure on the MF side that kind of goes up and down on over building .. and commercial as well.Like I probably would be a little nervous in the Mall space or some commercial with brick and motor kind of changing.But with the owner occ resi seems pretty solid.. no sub prime NO liar loans..