So, I can't speak to that...But, I don't believe that FHA and conventional underwriters will consider a seller-initiated appraisal in lieu of that previous purchase price when evaluating flip criteria.Regardless, being successful at any of these things seems unlikely, and I wouldn't suggest hinging your entire resale strategy on the hope that an underwriter is willing to be lenient or accept documentation other than the previous purchase price.

It also depends on where you see yourself living long term.If you're going to school in columbia now but plan on moving to atlanta or charlotte after you finish, then I'd say go ahead and buy there now.You're a college kid.

It seems like you have really put your previous RE experience to good use.

But if the previous owner failed what positive things should I be considering?

I am sure your previous investing gives you a nice head start.

I use to live up near Fort Collins, CO in college.

And any comments online tend to be negative from previous tenants, so that's not too helpful,I just noticed my property manager has no ad for my property on Craigslist.

It's an "A" location and buying at less than 50% of what previous owner paid.

So this is my story: I just graduated from college and have been extremely interested in REI for about 2 years now.

So this is my story: I just graduated from college and have been extremely interested in REI for about 2 years now.