If this PM were worth his salt, he would have presented the offer along with his own market analysis to either justify the low price or give you reason to reject the offer.I wouldn't deal with someone so flippant.

There are still markets in the United States that allow either the beginner investor, or the seasoned expert to invest at low price points in B class neighborhoods.As real estate prices have generally recovered since the financial crisis, there are still pockets that remain, where if you know what you are doing you can purchase a home for between $60,000 - $100,000 in a solid B class area with infrastructure supporting a tenant and home owner demand (Just ask all of the Midwest folks)These homes range from 2 bedroom, 1 bathroom all the way up to 4 bedroom, 2 bathroom and even duplexes.Price sensitivity is important for many reasons.

The next book I read and I'd recommend to start with was The Book on Investing in Real Estate with No (and low) Money Down by Brandon Turner.

If you have good income and good credit you can qualify for interest rate low as 9%.... if you consider that low...

(Self employed general contractor, income low on tax returns, but own house worth $1.2 million, no debt)Would love other opinions on this, not just our realtor’s.

But navigating all of their red tape got me into a really great property with a really low rate so it was certainly worth it.

Just FYI, the cash reserves ($2500) is low indeed, but that's for our company, not our personal lives and expenses.

You will be having a parent as a guarantor and it is their credit score you check not the student.As far as your credit score requireent is concerned 600 is probably OK for  C class neighbourhood but if your property is B or better 600 is far too low.

Appraisal is the wild card and honestly not many ways around it other then a good agent...and even then can be hard.Catch the wrong appraiser on a bad day at worst your screwed at low price or beat case you challenge it and win...but this still takes time.Remove the appraisal and you have much more control of the situation but lack a lot of the lending options...But 30 day can still be done and is done often (and runs concurrently with inspection so assuming you get past that).

Selling low and buying high never works, same goes with real estate.