Typically lenders care more about your debt to income ratio. 

The next purchase might not be as big of a home run but as long as it is decently cash flowing - who cares!

In truth I didn't evaluate it that carefully.

Not sure you can assign a contract for notes like you can a house.Be careful about wholesaling in Florida, it may be illegal without a RE license 

A wise mentor of mine said “turn your house into the bank” and so if you borrow against your property, to then buy another property, in a sense the bank “doesn’t care” because you know have two assets, not just one, they can come after if you default.

The government wants you to pay for your own retirement so they should cut other programs first because the govt would have to take care of you in retirement. 

She continued to say that the girl that was buying this house was a single pregnant woman and she didn't have anyone to fix these things, so we better take care of it.

Nor do most of them care to negotiate.

Silverwood has bought & sold on FCI, though sellers typically want top dollar, and be careful of excess baggage & associated problems like liens, taxes, and such.

Are you wanting students that are aging out of foster care or people with mental health issues or seniors or... there are lots of options but I’d be nervous about why it’s vacant and being foreclosed.