The lower your tax bracket, the less productive those benefits become.

The problem is if for instance I love a product and contact the company directly.

Have you looked at this loan product? 

The effective outcome is the same, but with more flexibility retained by you.Also, when it comes time to look at placing a mortgage, I strongly encourage you to look at a variable rate, fixed term product.  

You can find the same product for well under $40k if you know where to look and who to ask [me].I would strongly suggest that you stick with a simple SFH, 3/1, post war built ranch that rents for $700+.  

No company is perfect by any means but if your looking for excellent customer service and a quality product from a reputable company you might want to contact @Chris Clothier who is a regular here also.

Some of the surrounding towns can be ok depending on how you want to run your business; what kind of tenants you want to manage, and what kind of product you produce will determine your success.

As Investors and Real Estate Entrepreneurs I believe its important that we nourish our psychology to remain positive and productive.

Just to let you know there, are quite a few loan products that allow first-time home buyers to buy a home without great credit scores or much money to put down, FHA loans are one.

I suppose you could deny the request to extend the loan and cancel the sale but obviously that would be counter productive.