At the moment I'm a finance student at the University of Arizona in Tucson, so I'm not investing right now but I'm hoping to get into the real estate industry after graduating.

I feel there is a fine line here, the seller knows I am doing this and making money but do I really want to spell out the exact amount of money I hope to make?

I thought about implementing a fine system where if I smell smoke or see a cigarette butt, then they get a $50 fine.

I'm a finance manager at a car dealership and I can tell you that although the pros (banks) may lend money to a 590, they are going to hedge their bets.

Since you aren't licensed, as you stated, you are walking a fine line but if the owners are the ones signing the leases then you should be ok. 

This in part/full is to cover costs associated with ensuring the buyer receives copies of the HOA governing documents and a Status Letter (no more than a final billing statement indicating the home owner's financial status with the HOA).

I filed for eviction, but tenant requested a written agreement for a payment plan to pay back rents owed and a final move out date.

Seller mentioned she will do a final walkthrough before settlement to clear her obligation and that tenants aren't entitled to a security deposit.

As others have said, deals like this where you must really go over all the details with a fine tooth comb can often end up being the most profitable if properly assessed.  

The offer I received below: Loan Balance: $105,000.00 Loan Interest Rate: 5.00% Loan Term: 1 year Monthly Loan Payment: $8,988.79 Number of Payments: 12 Cumulative Payments: $107,865.43 Total Interest Paid: $2,865.43 Note: The monthly loan payment was calculated at 11 payments of $8,988.79 plus a final payment of $8,988.74.Thanks in advance, Pat