At that time I had about $90,000 in an old retirement account from a previous employer which I converted into a Solo 401k with the intent of loaning myself the necessary money to complete my first rehab project.  

Once you get it under contract, then you can look to uncover some "hidden problems"  I would advise hiring an inspector, just like you would on a personal residence.If the seller is intentionally hiding an issue, there is not a lot you can do before hand, as even a good inspector can only do so much.  

A few years ago, we purchased some residential lots in South Carolina with the intention of building new homes on the property.The time has come for us to begin to fulfill that dream.  

I apologize if my posts above came off too harshly...that wasn't my intent.

Some states require it, some don't and some only require it if you intend on listing their home (meaning if your only intention is to BUY the home, then you are not required to disclose).

My understanding is that with an FHA loan you must have the intent to stay in the property for 1 year, which to me means you could theoretically move out earlier if something unexpected occurs.

My intentions are to flip said property.

Although the property had many problems I do not think that the issues went unnoticed intentionally, however, I do feel that it's a bit more than I am prepared to handle...but where do I go from here?

Or as the Second case she said wasn't going to pay, and she didn't.Both people were rude, but at least one was honest with their intentions. 

My intention is to accumulate enough property to walk have the freedom to walk away from the corporate thing in 20-25 years.