That is actually a route I am very interested in taking, which I why I stopped when I saw the Quad in the first place. 

I just discovered that you can actually do a lot of homework way ahead of the sale so I don't have time to do any of it today.  

A "lender approved short-sale price" is when the lender agrees to a price to sell the home for an amount less then what is actually owed by the seller.

Lastly, when looking at potential investment as a new investor, I would keep it simple and create a budget based on actual cost instead of hypotheticals.  

In the same senario, a seller finance deal, should/can I have someone (I'm not sure who actually does this, please let me know) come and inspect the property before I agree to purchase?

I've made several posts in the past where I was looking and making attempts to purchase my first property that fell through due to issues found during inspections or not being able to come to terms I was happy with...The last one I found actually worked out and I closed on it a month ago.

I have actually passed my real estate license exam out here and look forward to becoming a successful agent.

I understand that deal analysis is based on a fully rented scenario but I am just interested in how many people actually achieve getting paid to live in their property.Thanks!

You're actually look at a seller financed "wrap mtg", which is a form of sub2, with the seller carrying the balance.  

I think you actually helped my husband and I look for a house several years back - we are now selling our house to jump in head first to real estate investing!