As an intro, here are some good/bad/interesting/boring (you decide) details about me:I started investing in real estate in early 2013 with my 4 brothers and my dad.  

See, that's a different mindset when a seller gets an offer full of escape clauses benefiting the buyer and then he/she gets my offer full of anti-escape clauses making sure they show up to sign the deed.So, my question to you: Do you create your own documents or do you rely on what others have done before you?

My brother in law has a friend that owns a property free and clear ,but doesnt live in it and would rather get cash for it instead of dealing with maintaining it.

The selling price is around $225,000.My brother and I would be on the application..My score is not great but his score is top tier and our debt/income is low.

My brother/partner and I got a property and rented it out.

Brother is selling to Nephew who is buying with fha loan, to live in one and rent out the other. 

The one that kills me though is the 3000 plus in flood insurance we have to carry on a house until it is sold to fema and knocked, the logic escapes me but it is a condition of sale. 

I'd say run away as fast as you can if the seller will let you.Now, if the seller is your brother-in-law the worse thing is you may not get to go to the family thanksgiving dinner.   

Newer homes generally escape with repairs, primarily to ridges and valleys, which are the most easily damaged. 

I am from Dallas, TX and was raised with two older brothers.