Location is crucial for standard of living. 

If you are planning to live in the property then you can have less down payment rather than the standard 25% down on an investment property.2.

A BiggerPockets standard is about $100 per unit of TRUE CASHFLOW.

An agent forgets everything from the class because most of it never comes up in standard residential transactions.

Even though a HUD consultant is really only required for Standard 203k's, most good reno lenders still use them on all reno loans. 

However I don’t know if one needs to be a licensed realtor to do this.We are buying for ourselves, not to flip to a third party.If we use the standard South Carolina purchase agreement, is it legally permissible to have a seller sign it on the spot?

@David R Coleman I would think it would be safer to just do a 203k loan instead of standard to cover renovation or another renovation loan package than to just have someone fund the reno.

Does anyone know what I would need to input into turbo tax for this, she gets the standard deduction if that means anything?

In the suggestions above I would be very careful about any of the following:Providing the lawnmower = I got burned on the lawnmower or a rock flew into my eye and it was becasue the lawnmower you provided me was not maintained and serviced to safety standards per the manufactures recommendations.

I am writing to try to start a thread about the current and future lending standards in the mortgage world.