if this is your first time get a good inspector and go over it thoroughly before you get through your contingency periods.  

Specify amortization time frame, so if you amortize it over a longer period of time, the payment is smallerthe last one we did (2 years ago), I think it was 20% down, 4% interest amortized over 30 years. 

New monthly PITI is $1785 a month.Going forward plansI plan to rent the house out next year (after the 1 year required time period to live in the property after the closing, as specified by the refi contract) at a market rent of $1800-$2000/month.

I would love for him to not have to worry about a college education and student debt and I would love to be able to leave him a small nest egg when I'm gone.

Knob and Tube wiring and shootouts occurring during the inspection period. 

A very common tactic is to change classes of real estate using the 1031 exchange to capitalize on cycling stages of different types within a market period. 

But if I were to buy a house with an FHA in the same time period as moving in with him, would that be possible/what other financing options would you consider?

I'll look to partner with a local brokerage in a way that I can still maintain relative independence for my company during that two year period. 

Every small action taken leads to more networking, education and opportunities. 

I guess I'm supposed to enrich him and the seller buying a half a million dollar property without even looking inside.Inspection panned out OK so far, but I won't have the full inspection report until tomorrow morning.Bail while I'm still in the inspection period or move forward?