However, my days of manually scrubbing county databases to get code violations lists or manually generating probate lists are behind me.

If this is the case, then this means that we won't be able to qualify at all, even though the business only declared a 1,300 loss and is generating 100,000s of thousands of revenue per year. 

@Chris Levarek how would you recommend I generate awareness for my strengths?

However, I purchased it from the matriarch of a 3-generation family living there.

I purchased it from the matriarch of a 3-generation family living there.

The market is very competitive because a whole generation of investors has the same ideas as you.

For background, I live in NYC (Manhattan) in a rental and am interested in purchasing a property in East Hampton partly for personal use to escape the city and also partly to generate rental income to offset the mortgage costs.

Additionally, many FTHB programs are stringent with how much income your household is allowed to generate in order to qualify. 

It is a path likely to generate legal fees for years. 

The last thing I want to do is make a move on a property that's in a market that barely sees any appreciation AND only generates small rents-no matter how brand new everything inside the house maybe.I'm new to Atlanta.