Then dispute any incorrect information.

Ok great, much luck to you, the ultimate decision sits with the lender, the seller normally wants out and is prepared to accept an offer, the question is if her lender is accepting to the final conditions and terms.

Thanks Alex, we just made a decision to bail as my partner who is a contractor examined the property closely and it looks like the foundation may have issues he said rehab repairs are more in the 100k-120k range.

Could be good advice, but there's a lot more to consider when making such a decision, obviously.So is this anti-real estate mentality a result of lack of understanding, or seeing other clients' lack of success in REI?

The most daunting aspects so far have been how exactly to go about finding these elusive deals, and understanding the financial side in a way to make an informed decision.

Lois, While this is your business decision I would caution you in buying a workers compensation policy to cover contractors without workers compensation insurance. 

Ryan, great decision to take the plunge, if me and my wife were children free, we would definitely go for a house hack today, it makes crazy awesome sense to do this.Here are a few pointers:1) Use an experienced 203k lender, not someone that has done (1) or (2) just google 203k lender for your immediate area, call (3) get best rate, listen to experience pick (1)2) Its all about value, in some cases you can go 110% of appraised value, giving you more money for your renovation if you need it, depends on your situation and market.

I wouldnt let it be the driving force in your decision, but it is just a thought to keep in mind.

Thanks for your input James, we definitely have a lot more research to do before making a decision.

Also, I'd be happy to point you in the right direction for things to think about and consider as you make a decision regarding your next steps.Please check out my profile and reach out if you think I might be able to help you.