Also, not looking for NNN, Commercial, REITs, or other asset types for this post. 

Purchase price: $63,500 Cash invested: $63,500 SFH in Cleveland OH (44128) What made you interested in investing in this type of deal?

This question comes from me finding a property that seems to be in decent condition for this type of property however it will need alot of work including a second bathroom if I were going to be able to sell it as current 3/2 prices. 

Hi new to BP looking to invest in a single family home and curious to know the types of loan financing options, current interest rates and if there any home purchasing programs that will help investors. 

I understand that they are looking at income and assets… my question was specifically about how mortgage companies view depreciation on existing properties… It depends on the loan product, do you know what the specific loan type / mortgage lender you are working with?

Wife has a masters in engineering, son is a junior at Florida State University studying to be a Material Chemist, and our daughter is sixteen in attending college full-time.

East Providence might not be the same as North Providence's discount.I strongly suggest driving around and visiting homes, there are street by street differences that make the class or type of tenant provide a higher estimated cashflow.

I certainly can't imagine four adults living in that place, but I am unsure how to interpret some of that reference material -- would it be considered discrimination w.r.t. familial situation?

What made you interested in investing in this type of deal?

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.