Thanks in advance for all the help!!

Then your going to have closing costs, and $3500 in upfront pmi on an fha loan, and they will want to see you have 3-4000 in reserves in an account somewhere so your not maxing yourself out then most insurance companies will want the first year in advance so there's another 1000$. 

Thanks an advance for all the advice.

Thanks in advance!

As I was viewing the property with the owner, he admitted that most of the tenants paid in cash (he swore he reported it to the IRS)(?).

Here is a link of what he did in another state. http://www.ripoffreport.com/reports/specific_search/john%20common

I received a report in about 3 hours.3.Easy to read reportsOnce I receive the report I was able to quickly understand the information being provided.

Especially when the property is remote from the owner, I think a quarterly report of rents and expense details should be required. 

He's out of Cheshire- Advanced American Financial for insurance - out of Wallingford 

thank you in advance