My short term goal is to own at least 10 rental properties within the next 8 years (I have 1 now 9 more to go) with positive cash flow (ideally free and clear).

Also, their score takes a short term hit when they apply for a loan.Look for red flags.

To make the story short.

In short, I agree that you should include a target price.

We moved out for two 60 day periods into my parents barn (apartment) while we did major work. 

That should work but you would need to update it as the forwarding expires after a period of time.http://www.cityofsacramento.org/Community-Development/Code-Compliance/Programs/Rental-Housing

You may get all the way to the closing only to find out that there's no money to close the deal.Most of them will also try to box you in with short repayment periods that are difficult to achieve & if you dont repay within that time will charge you ridiculous penaties or want a large percentage of the deal. 

It is still is in the first 10-day period open to owner occupants/ teachers/ etc., which would give me an advantage before other investors can snatch it up, and it would be my first home I've ever purchased, if that counts for anything.

If there is no lease, they are on a month-to-month or what's called a periodic tenancy.

The property is a Short Sale.PP-$275KARV-$410K - $430K (most recent comp sold for $457K 2 weeks ago)Estimated Rehab Cost - 60K (unable to walk the property until the offer is accepted) Holding Cost - $1200 Per Month (6 month estimated hold)Buyers Closing Cost - 3%Seller Closing Cost - 3%Realtor Commission - 5%I am looking to get the loan from a private investor and will be looking for the loan to cover purchase, rehab and holding cost.