Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

Insurance relocation rents are often capped (at least in our area) to be 1% of the insured value of the affected property per month.

The rules are as you stated. 45 days to identify up to 3 properties you might buy, 180 days to close.

I'd say you need a minimum of $30k for a property at this price, to be safe.  

I had to pay contractors he stiffed in order to remove liens and refinance the property. 

Have you checked to see if Bob is licensed to be representing buyers in your market I doubt he is doing this as a charity..

For finding off-market properties, PropertyRadar has been a lifesaver for me.On social media, I’ve had success connecting with property owners and fellow investors through Facebook groups and LinkedIn.

Also this property has a small 8 acre tract cut out of it with residential homes on it.So my question, what is my first step to get this property looked at to see its potential.

Leather is very durable and easy to clean but more expensive.Depends on the property and your budget.Sleeper sofas give you more sleeping capacity.

Quote from @Algerson Andre: Hello Everyone - I own property in Buffalo,NY that sits on a big lot that has the potential to serve as ground for a New construction duplex to be built.