I've seen listings next to mine accept something like this but haven't been able to see the contract or follow up with the seller.I'm really curious on how these deals are structured.

The 1 in 50 times where this simple litmus test gets it wrong isn't worth the time suck represented by the other 49 times.Those that WILL drive to your office even though you previously didn't sense any motivation, it is probably worth your time to run a full CMA, offer them coffee, and start that relationship.

My offer was accepted and after three years I had both earned my real estate license and increased the multi families housing earning 3x.

Market rental rate: $700 - $850- $250,000 offer accepted by seller, 35% down, 20 yr amo, 7 yr balloon, 7% interest rate.

How about this: First we analyze if there is an improvement to the HVAC building system, taking into consideration the B.A.R. tests and treatment under DMSH. 

I am aware that in my state, Minnesota, If the landlord accepts a screening fee they are required to inform the applicant that the landlord will be denying their application and why.

I'm preparing to take the test very soon. 

I came here to accept a colleague request (which is the only notification I have left turned on), I then saw an article that the colleague had commented on, then saw this thread, and then attempted to help a new investor to overcome the discouragement they were receiving from finding a 2-4 unit, as finding a 2-4 unit is very doable. 

I would echo the advice above about waiting before making hasty decisions and TESTING out whether you really want to be an active investor. 

Please see additional considerations below.If you are eligible to set up a self-employed Solo 401k (or have a 401k plan through an employer which accepts rollover contributions and allows for 401k participant loans), another alternative which would avoid taxes and penalties would be to transfer your funds to such a 401k plan and then take a 401k participant loan.