The HML not coming through after doing all of the work to get the property under contract and then having a hard time refinancing are my biggest fears.

Downside you might lose 600 bucks on study material and fees, upside is potential to earn six figures. 

The most blatant downside of refinancing in most cases is resetting the amortization loan period back to the beginning if you originally started with a 30yr package and transferred to another 30yr loan.

Lender advised me, that's why he sent a fee sheet and he was not sure about his contribution to the closing cost(which brings the biggest confusion).

I am a part time inspector and investor but there is some good money to make and you c an use your expertise towards buying properties because you will see the inside of a property, and there is a lot of crazy things out there.tell you friend to start looking in to InterNASHI.org or ASHI this are the biggest national associations and have tons of training.

So my biggest question would be how far into the process you are with them? 

Currently on No and Low Money Down (financing will be my biggest hurdle).

I learned way too many lessons to list, but my biggest lessons were to follow the lessons laid out in David Green's book.

I learned way too many lessons to list, but my biggest lessons were to follow the lessons laid out in David Greene's book.

The biggest question is why would you do this deal at this price?