Try to do what your gut approves of. 

If you have 6K of cash that you can invest and want to purchase a property today you can always try and get approved for an FHA loan.

Happening right now....My fiancé got approved by a lender.

Banker approved $10,000 remodel draw account.Purple house: Painted the cabinets, fixed a small plumbing leak, moved in a Section 8 Tenant @ $900 a month on the day of closing (advertised the property during the 45 days between contract and closing, had the property inspected and approved by DCA, tenant ready to go).

(Docs requested from buyer, Appraisal has been ordered, appraisal is back, loan is submitted to underwriting, underwriting has approved, etc) Also, be up front about rates/fees.

I have been pre-approved for a VA loan up to $400,000 and would like to find someone that has experience with multi family units, and short-term rentals in the Tampa market.  

If the house is too dilapidated they may not approve it....Following the response

The petitioner who will be court confirmed (approved) will be the PR (Personal Representative)

So if you are buying a home for your family and have a real estate agent showing you homes they almost always demand to see a pre-approval letter. 

I am super excited to announce that we got approved for financing yesterday and should be signing our first contract on Friday to purchase a duplex that I had offered to us by our realtor!