If you can obtain the loan with full disclosure, there will be no trouble but I don't think the bank will go for it. 

Also,  I think it will be this hard to obtain properties until you get to four or five the compounding should take over.

I'm currently a manager at T-Mobile where I make good money but I really want to make a living off of real estate!

Richelle T. 

It's a great way to create wealth for you and your partners.I assume that you have already obtained all the historical performance data from the seller, but if you have not, that is a good place to start to see how this property in particular has performed.  

And tone of voice is something you only obtain in talking directly to them. 

What are the total expenses of getting the loan closed and obtaining title, approx.?

Contingency part : Is it better to put cash and cross out all mortgage contingencies or put mortgage 95% LTV etc and give myself 30 days “to obtain a mortgage aka finding a cash buyer” If I put cash they might ask about proof of funds ..and I also limit the time to find a buyer ..as attorney review period is only 5 days in IL.

@ Jordan T, I am definitely going to require certified mailing from now on.

@James Roberson @Eddie T. - Yea I inherited these guys and believe me I am happy they are gone and the unit wasn't completely destroyed.