It is interesting to see these details for Philadelphia.  

Be as detailed as possible.

Since I've always thought of underwriters as illusive/mythical creatures, however, it's also nice to know that the right agent can deliver relevant details. 

But first, here's some homework for you - on one sheet (digital or analog) write down:Pull out your comps research and demographics, from this create an ideal customer. there's plenty online to walk you through how to perfectly describe this person in detail. 

One thing to note: the SOW for a fixed bid project is usually orders of magnitude more detailed and specific.

Never had to rely on that provision so I can't recall all the details.

Houston might be cheaper than most cities in Cali but the market is tight so if something is just hanging out on the shelf is probably a sign.One great way to get a good feel of the property is to ask whoever selling that house to take a detailed video of the house and send it to you.

When seeking funding I was instructed to stay away from anyone requesting upfront fees for processing and or origination fees.

Account Closed Forward me details of properties if you have good investment property. 

Based on the facts in your post I would lean more towards purchasing a home that is in turn key condition, enjoy the equity, and tax benefits while you educate yourself on other details of real estate.