However, unless the property went for $100k and is worth $1m, the IRS doesn't actually take advantage of this.  

Your profile doesn't say where you are located, so it would be very hard for anyone to make a useful suggestion of books or resources.As a new member, there are several things you can do to increase the likelihood of getting helpful responses here on the forum.

I'm not a pro but the numbers look good who doesn't love $30000 profit.

Just because someone is ignorant, doesn't make them a horrible human being.

Your interest rate doesn't really matter.

But she is refusing to give us keys, doesn’t that constitute possession?  

But in flat to falling market values, it doesn't make sense for them to buy the house.National averages, most tenants never by.

After you file your taxes for 2018 early next year, then present your last 2 years tax returns / W2's / pay stubs / etc. and get an actual pre-approval, since those are the numbers it will be based on assuming your income doesn't change too much before you're ready to buy.

Apparently it works similar to a 203K loan however it doesn't have to be an owner occupied home.

That’s why I can’t understand how the appraisal doesn‘t come in at the very least, at 93k.