Basically, I had no choice but to get the loan from finance guy(who by the way can pre-approve me in 30 minutes if I finish on-line application process) that I never met due to last minute request from the seller.  

@Yvette Chung yes that price is reasonable, your main cost is the time to do tile walls and floor.

The main highlight or benefit of Fannie mae's 1 year tax finding is that you dont need to prove 5 years in the same line of work which is a harder burden of proof for most realtors or business people. 

The main goal is to live cheap or free so you can save up to build a portfolio.If you are military or former military and are eligible for a VA Loan I would get a hold of a mortgage broker in Fort Lauderdale, Florida and ask them to help.Let me know if you need anything and good luck on finding a good house hack!

My main interest in this forum as I slowly transition from cubicle dweller to independent investor is to build up my network and contacts and perhaps eventually find the next opportunity.Other than RE I'm a computer nerd for my day job, other interests include building electric vehicles, electric vehicle advocacy, bicycling, outdoorsy stuff, and vintage land rovers.  

Finding a partner for long term would be a better choice then a private lender in this situation.

I mainly want to know if the area is safe and not a war zone?

You can surely go through the "Education" tab under your account's main page that has some valuable links.

Only about half of the reno work will need to be done once property is closed, mainly rot in outside stairs and plumbing. 

I'm mainly interested in the rent roll.