Since the process can take in many cases more than 30 days to give you a loan this puts the investor at risk of losing a particular property.

Agree, not amazing - we're talking a small purchase with small net flow.The concept of recovery is a whole other topic but remember the investor is not losing the money and therefore it needs recovered.

There are multiple agent/investor here in BP who can help.in Baltimore, you can make a lot of money, and lose a lot of money.

If you choose that lender and they start the process and are unable to get you that rate then you will be the one that has to pay the difference or possibly risk losing the deal if the terms cannot be met. 

Make sure you have some remote via cloud but also out of the reach of the intruder/where they can't unplug the wifi and you lose service.

If they aren't paying I was going to just start the eviction process since I would have nothing to lose at that point.

On the note of topics and code, depending on when the house was built if you replace the dry wall you lose grandfather status and will be required to update both the plumbing and electrical to modern standards.

Is losing $300/mo OK, considering limitations of such low downpayment?

In today's market, if you drag your feet you'll lose.

It never works and then you lose trust.