Im just saying that in the future if/when you go to sell an owner occupant will likely prefer a central AC system so that will make your home more desirable and theoretically worth more.

Last time I used them they only required a 10% down payment. 

Assuming you have talked with the seller, I would ask for the requirements for assuming the loan. 

@Fabian Escobar a phone call is not really required.

Short-term rentals of residences, as defined in Article 1, Section 5, may beConditional Uses in the A-1, A-R, RR-1, R-1, and R-2 Zoning Districts, provided that thefollowing requirements and limitations are adhered to:1.

However, the insurance company and or its agents are required to find this stuff for you. get someone qualified to make a phone call to them.

Corolla is a highly desirable place! 

Are low rises exempt from the requirement?

Specify the company name as the "Lessee" and ensure the company president signs as a guarantor or co-signer, subject to a credit and background check.Review Insurance Requirements: Confirm the insurance company's requirements regarding the lease.

You'll have a great start in the real estate business with your abilities and desire to learn.