My concern here is that in my area, even with an FHA loan it would take probably all of this money to close on a deal like that and then I will have little in the way of reserves to run the property which makes me nervous.

If the amount of taxes, assessments, interest, and penalties actually payable when the deed is transferred to the purchaser exceeds the county treasurer's estimate, the officer shall certify the amount of the excess to the treasurer, who shall enter that amount on the real and public utility property tax duplicate opposite the property; the amount of the excess shall be payable at the next succeeding date prescribed for payment of taxes in section 323.12 of the Revised Code.

It must be significant, latent, unseen, not obvious, uninsurable title would be a good reason, an inspection report that mentions the place is about to fall in due to wood destroying insects would be a good reason.

I've just an nervous I think to work with people that are that high end and providing a high end experience with my end of communication.

This made me nervous.

I am not sure how long this process could take me and I am nervous to sign a lease if I can't Airbnb the property immediately. 

If I were a first time bidder without any experience, thought a property is a great deal, and no one else is bidding, I would be very, very nervous.

Also, the option period in Section 23 of the standard Texas contract is a "any reason or no reason" clause. 

A lender requiring you to go commercial with those parameters makes me sincerely nervous about the lender.

Stated income loans require you to state your job and positive cash flow from a single property may make some underwriters nervous.