I just wanted to make sure before I tried going through with the deal, it's something that is fairly common so I don't overpromise.

Right..seems fair to me.

Assume the decision makers will be looking for a showing of competency in process and fair economics.Ultimately sounds like something to pursue.The second situation where the bank is not interested in selling the loan.  

I'm fairly new here also, but have already learned a huge amount from many people on this site. ( @Jonna Weber has already graciously answered some of my questions).This site has many resources, so make sure to bounce around and check out all the sections to find something helpful.

I've gotten 3 deals accepted because I offered over asking all cash to get the offer accepted, then when I had the home inspector do his thing I found tons of repairs, seller was looking at me knowing I could write him a check for the house if he would come down to my price, he knew he had to do all the repairs if I walked away....so he came down. he was a little miffed/pissed, but he didn't have to take the offer, and the price I offered was fair.

That seem fairly accurate?

I visit fairly often to see my family wanted to learn about the area and see if anyone wanted to meet up.

My credit is in the bottom fair range (damn college) with hers in the upper fair range.

The rules regarding non-relatives living at the house can be fairly strict, essentially they need to be approved by the park, background check and all or they are considered to be trespassing and you are in breach of your ground lease and subject to eviction.

So if you have access to a good amount of capital and search your markets and if you can leverage.. you can achieve 35% cash on cash fairly easily and actually do much better.