Thanks for the input dcg123, I really appreciate the helpI have talked with our lender and he says that he can get us 100% financing with 0 money down, pending any ridiculous debt or horrible credit, which we both have neither.

I went back 3 years and only 4 houses have sold in that time and one is currently pending. 

Basically what you do is see what the market is wanting in your area by searching sold and pending properties within the last 4 months.  

The house is now "pending inspection".

Pay extra attention to their insurance policy, annual budget and financial reserves, whether they have any pending litigation, as well as what percentage of the residents are renters vs. owner-occupants.I highly recommend having Loss Assessment coverage on your insurance policy, which is a low cost addition to your policy.  

It the owner died intestate and the son is the next of kin (at least the one who is dealing with the estate) there may be additional steps pending the jurisdiction.

@Alex Tillman I can't send you anything because of a prior pending message I sent you.

I have a deal pending that needs to be made official in writing and the file place has nothing.

(If they don't have one, ask for a document that indicates they gave the tenant the form at the time of the lease.)Pending eviction information.Copies of all communications with tenants regarding recent issues.Good luck!

No, the BK is not the big issue, the pending foreclosure is.