I know it's difficult to tell without all the details.

More detail on the deal is below but I wanted this post to be about two things..

Details from the pre-approvalPurchase Price - $148,000.00Mortgage Amount - $118,400.00Interest rate - 5.625%APR 6.146%Down Payment $29,600.00

I appreciate your detailed response. 

Leverage your money :)  PM me for details.

Not exactly an investment since it will eventually be a primary residence, but we may have a few ways to generate some monthly income before in the meantime (and possibly have some small part of it function as a light income property with we finally break ground).Couple newbie details in case anyone has any insight.

PM me for details.

In other words, a cash exit without paying capital gains tax (for 30 years).I can explain this in more detail if you are interested in learning more.

One cannot depend entirely on the realtor to know all the details; they are the sales agent, not the business partner.I've met many investors who say the master lease is the tool to use but I have not tried.Last month at a meet up, I found a man who vacationed annually in the Keys at an illegal VRBO.  

Can a seller back out of a signed deal if they don't like the home inspection report details?