I'm hoping that was excessively high and you can show us good work can be done for much cheaper.Go forth and prosper!

Let say say have excessive liabilities, would i be able to backed-out of the deal, if it's not on my terms...

I just want to try to protect us from excessive property damage.

You might have to evict them for causing excessive damage or perhaps misrepresenting income on a tenant questionnaire? 

Other than that if I am unhappy working as an agent I should try to look for a different money source to fuel my investing career, and the max I can probably get is ~$30-40k a year with no degree.

Lots, 1/4 acre in my area run about 75K, an acre will be about 200/250K as there is excess land.

Just the $300 The title report could tell you that the seller has judgment liens and mortgage debt in excess of the value of the property.  

Please also verify the accuracy of this information at the time you are considering these options as guidelines change.price Decorating allowancesRepair allowancesMoving costsNote—a dollar for dollar sales price reduction is also required for - Excess rent credit and gift funds not meeting FHA requirements Contributions exceeding the actual cost of prepaid expenses, discount points and other financing concessions Credit Requirements Required is 600.

Unfortunately, I think what will ultimately happen is that voucher programs will be greatly expanded, as the government tends to favor "solutions" that require massive amounts of taxpayer dollars be directed to treat symptoms without addressing the underlying problem (too high of costs), thereby fueling the continued rise in costs (see healthcare and higher education).

Should have mentioned, I am interested in cashflow in order to fuel other short to mid-term opportunities.