If it was me, I would purchase it with a 203k loan, renovate with the funds in the 203k (although you can't do the reapirs yourself with this loan I believe), use the house as your primary residence and either get roommates or use the extra rooms as Airbnb/VRBO to generate income (might be appealing as lake property) Take a line of credit on the property, being careful not to over leverage yourself, and use the line of credit to either get into flipping/wholesaling or find another cash flowing property and begin the Snowball effect rolling all your profits into REI and working towards financial freedom at a young age. 

The age is not as important as the condition.

Every transaction will require at least 2 years of tax returns, at least 2 months of bank statements, employment verification, explanations of large deposits and credit inquiries.... 

I officially closed on my first home last year on August 28 2015 at the age of 26 years old.

Bridget,I would classify it as Class B, more because of the age. 

I'm a mom of 5 under the age of seven and just getting started on my own real estate journey.

The sensor that I needed was $50 for a GE sensor, or $3 for an aftermarket.

The Japanese have had a stagnant economy for 20 years, their population is aging (much more so than most countries) and their access to resources is limited yet with a debt to GDP is almost double that of the U.S. so why haven't they caved?

In fact, when we moved to southern California from northern California, we rented out rooms in our 4600 sq. ft. house and 2100 sq. ft. guest house on 20 acres, to 14 college aged girls from around the world, that were students in a ministry school.

If you want a written verification;Were rents paid timely.......how many times over 5 days------10 days-------15 days------30 days--was the property return in like condition-----did the tenant comply with lease terms------Such are straight forward questions that are pretty black and white, there is no liability in answering truthfullyYou can't expect a wrteen answer to; did you ever suspect drug use?