Depending on the deal's profitability, some will only require you to bring 10% + closing costs to the closing table.

Is there anyway possible to verify there were actually other offers especially after closing?

If you sell or leverage your 2 properties and use the $100k you have you to buy rentals you will not even come close to making as much in cashflow as you make with your current career.

Everything your want to know is online, but, if you needed $100,000 or more to pay for Down Payment and all the Closing Costs for a Home, would you really want to even start?

They can get blackballed forever from closing FHA.

Do you mean day 2 after closing?

I am seeking any knowledge and guidance that can help me close my first deal.

If that is the case then choose the area you like most, but if you are wanting to get a quicker return then I believe the Lookout Mountain lot might be better with the Paradise Valley Mall upgrade being somewhat close to that area.

You may be able to close and then do the 2nd mortgage afterwards, however.

Typically when you sell the title company requires forms to state if you are foreign or not, your ID, and they want to send 15% or 10% or (20% for long term) to the IRS at closing.