@Paul Brown jrExamples of the contract forms, etc. used by licensed real estate agents in Texas can be found at http://trec.state.tx.us/formslawscontracts/forms/forms-contracts.asp .

It is wood frame with concrete slab for foundation. 

The basement usually has water leakage issue or some even with foundation issues, which are not cheap to fix. 

Here is the info from the wholesaler:EST ARV $95,000 EST REPAIRS $9,000 EST MARKET RENT $1,250 EST RENT REPAIRS $3,000 PRICE $41,000CASH OR HARD MONEY ONLY BUYER PAYS ALL CLOSING COSTS PROPERTY TO BE SOLD AS-IS CLOSE DATE: JUL 2PLEASE DO YOUR OWN DUE DILIGENCE BEFORE SIGNING CONTRACT DETAILS 3 BR / 2.5 BA / LARGE ATTACHED GARAGE RANCH STYLE LIVING SF - 1421 LARGE LOT - 1/2 ACRE BRICK ROOF, HVAC AND FOUNDATION APPEAR TO BE IN GOOD CONDITION.

It takes time to build a strong foundation to wealth.4) there you now have $10k saved a few months later you have $20k saved.5) do you have a house now?

I guess I'll consider a class"C" after I build a strong foundation.

Including site work foundation, utilities, etc...?

I'm already itching to get my first place, and I'm listening to the second video webinar from the foundation toolkit.  

Foundation issues can be very expensive to repair. 

The building's foundation and structure as a whole is solid, however there is much to be done in terms of TLC.