trust @Hattie Dizmond  on this one  ;)learning to strategically disengage from your business is a great skill for long term mental (and relationship) health

Just be careful to plan it correctly.Based on your figures you'd have to come in with a substantial amount of cash to pay down your loan to 75% of appraisal in order to "take out," or refinance out of the FHA loan.One solution beyond having a grip of cash is to buy the fourplex considerably under-market but the likelihood of that is two fold because you have to abide by the "health and safety," standards of FHA financing which can be daunting at times when looking at REO's, auction sales, and etc.Best of Luck,

This isn't a shameless plug for my site, I just don't want to attempt to explain the deal as some of the finer points are sure to have slipped from my mental grasp by now.

I did more investigation and found that she only has one active trade and the other derogatory accts are from past medical bills from child health complications.

My health and my family. 

We were very blessed.As far as real estate goals, my goal would be to become a successful REI and eventually set myself and my family up for a health passive income system.  

@Anson Smith that mentality and method is what gives wholesalers a bad name.

The short list of what I am seeing - very capital intensive - the repairs to the property needed to meet all code and health requirements typically require a construction budget that far exceed the value of the property. 

(Let's assume for a moment that the seller/agent may not be honest, in other words I am asking how do you know other than "the listing agent said there is no lead.")Are there any other health hazard items that you check for before purchasing?

Also, if I have to hear "mold in the vents and health hazard..." again, even though they have never provided verifiable evidence (simple mold kit test result), and have also made no attempt to vacate early, well....