If it is what the seller is paying, it’s an indication of what you might be able to get, but I would not assume it’s what you’ll end up paying.A few things to check when doing due diligence on the insurance.....Cutting back the insurance coverage prior to the sale is a strategy to give assets a higher return.The seller may be able to insure the building for what they paid for it 10 years ago, say $100,000, and now you need to insure $200,000 to satisfy the bank loan.  

I wanted to listed for sale this year, but I started considering an option of possibly renting it out.

I met a gentleman at my church who has been doing wholesaling, rehabbing, short-sales, etc for 15+ years and is also a licensed broker.

Every sale of real estate uses a title company or attorney. 

I have even linked up some wonderful people who will have some more multi family houses that are coming up for sale early 2019.

The property sale price is $450,000.

It was a bank sale and I was in the right place at the right time.

You're no longer an engineer, secretary, or sales guy - if you want to acquire your first deal - tell everyone - "I buy and sell houses".2.

You will need to show proof that your living there and that the home that was your previous primary in now on listed on the market for sale or better yet, sold, prior to your refinance closing. 

lets take in consideration the house is in the middle nowhere and it takes months for the house to sale in the area.