There's too many things that can go wrong and you will likely be upside down with the holding costs from your borrowed money.You can purchase a home with a conventional loan (20% down) but you want to ensure that you have around $5,000 available for reserves as you will go in the hole on your first vacancy with mortgage payment, taxes, insurance, maintenance costs, holding costs while vacant, etc. before getting your 2nd tenant in. 

If possible, ensure they honor the warranty to come back and fix any issues.

He begged me to stay with the company and he would ensure things got better.

The lease specifies it is the tenant's responsibility to change the batteries a minimum of every 6 months and ensure they are in working order.

Hi BP Community,I am eager to get involve in the process of purchasing real estate, however, as a newbie I want to ensure my first deal is a favorable one.

Question #2's response is a big one, I will definitely take that back and ensure this is completed. 

Heck do proof of life and show a dated newspaper or speak of a current event that happened to ensure it is that date. 

I'm not an expert and would definitely recommend speaking with a CPA or tax attorney to ensure this is the best fit for your situation. 

@Adam HoakEverything Aron said is perfect also consider If your able to execute and purchase ensure to a certain extent that the area is either up and coming or stable.

There is substantial equity so can a lawyer ensure that I recover any money I invest (paying off the lien and property renovations) through renting it out and/or an eventual sale?