Here’s what I’m worried about:Given The House was appraised and ultimately I was given a mortgage, it couldn’t be too bad off right?

HI Leland,Ultimately, it depends on the loan product you're using to qualify with but for the purposes of conventional financing then you will need min 1 year tax return filed with the self employment income and to document your past track record in the industry doing pretty much the same thing then you can probably blend (using worst case) numbers to be conservative (yes thats how underwriter's are).So for instance the s corp income is 100k but your W2 prior was 125k, dont think they will use 225k (100 + 125k) and divide it by 24 months they will probably take your 100k / 12 months = 8333.33 and apply a max 45% DTI to that 8333.33 which will give you a max qualification of 3749.99 per month max payment (all debts included).Most banks wont take the above 1 year tax return it just depends on your situation.

Ultimately if there is low vacancy and the property cash flows is it worth the risk to invest in "C" type areas/property?

Have you read The Ultimate Beginner’s Guide to Real Estate Investing? 

Yea - we do put stone or brick on a lot of our builds, but we ultimately decided against it based on cost on this one.Parking - front house will have a pad right in front of it and rear will have a pad behind it.

How many people bookmark your page etc. etc. is what is ultimately will rank you high.

The tenant ultimately got another 2.5 months of free rent.

Get some basic education while you build your team in the markets you want to invest in.Welcome to the BiggerPockets Ultimate Beginner's Guide to Real Estate InvestingREAL ESTATE INVESTING BASICSThe Best Real Estate Books for Your Investing BusinessGood luck! 

., you see so many hundreds of thousands of realtors offering massive rebates to consumers.From a Realtor's perspective, on a 500k purchase of a listed property:would a realtor rather get ahead of this rebate wave and loan back $10,000 of the commission at a very low rate to the buyer Post Closing and ultimately keep the entire 3 Points?

My current financial situation offers me the opportunity to invest and my current employment offers a very flexible schedule with a lot of free time within my work week. ultimately I am looking to be a real estate investor / rehabber.