UPDATE:  We are passing on this house. 

I usually update it on www.meetup.com/fwbrealestateThere is also a great reia that I attend called the Professional Investors Guild www.meetup.com/destinpigLooking forward to meeting you at one of them.

If you have a regular inspection/repair contingency in place, that's your out if you find out the property needs more work/more cost than you want to get into. 

Are you checking in regularly and making sure they are receiving valuable information from you based on their new goal timeline?

We do not have much savings at the moment as we have been putting money into updating our current home. 

So part of this is to get an attorney who regularly practices before the magistrate in that magisterial district where the property is located; that could help in determining what might be needed as proof.Let's see if we can get some attorneys to weigh in: @Chris K. and @Tom Gimer

We could probably find a few other BP members that live in our area to join up for regular meetings.

Great update, thank you!

Not sure if we have any regulars on the board with event venue spaces.

The issue is fluctuating income, you could have 30k first quarter and 5k second quarter, in short, lenders will not know if you can pay 3 months of mortgage on that second quarter, whereas if it is a W2, they will know that you will have the paycheck regularly and more assured you have something to pay their debt with.