Not a total burn, but one room was badly damaged and there was smoke damage and fire suppressant sprayed thru the whole house.  

I'm going to answer question 3 that is normal for many properties on MLS if you want to adhere to the various "rules" however, you won't buy a lot of properties offering that far below asking, and unless you have your own RE license or contract you are going to burn through some realtors who get tired of making these types of offers.

The lender will want your statement history and if they see that you went from sub $7k for some time and then got one fat abnormal deposit, they will ask about it and where it came from and deny the loan.

I left with a burning desire to have sandwich leases within mobile home parks and/or wholesale properties.

Just make sure you have a good solid contract outlining everything so you wont get burned.

If the place burned down and your insurer found out she was operating a business, the insurance provider could refuse to cover your loss.

Every smart owner has done incredibly well, but there are plenty more that crash and burn because they went too fast and did not bother to learn the industry or be patient for the right deal.

Also 100 million is a drop in the bucket for high priced markets .. and you see the photo they have about 25 people so burn rate will be high I bet LOL

@Trey Burns I understand 100%.However, I only want to enter the single family rehab space to build up my personal capital, as the money I have now is only a loan.

I am at 100% of not getting burned on these investment type offers, well because, I don't!!