I think that’s actually a very smart and admirable thing, and having that knowledge can prevent you from making mistakes as a passive investor.

Be prepared to do most of the work finding and putting together the deal, and have the partner there to help prevent mistakes and make sellers more comfortable with the idea of financing you.

We implement a preventative maintenance plan (instead of just waiting for something to break).

I find this minimizes calls and it prevents little issues from turning to big issues. 

It is to help prevent illegal flipping, just like the 90 day rule.

If you can wait a few months its probably best but since the home is your primary and has been for a good amount of time there is probably nothing that anyone can do post close to prevent you from moving. 

The house is "occupied" by tenants or previous owners therefore appraisal cannot be performed which would prevent you from getting finance.Be careful you don't want to lose your bid deposit or EMD

At best, you’ll likely get some owner’s property with equity under contract, can’t flip it, and in doing so prevent the owner from selling it to a real buyer before they lose it.

Guy, we did have a termite inspection which came back negative for active infestations and there was evidence that some prevention measures were taken. 

He's worried his poor credit may prevent him from mortgaging the house.