I agree with Ray here.

These are things to have an undersatnding with your PM when you are signing a contract with them.At this point you have to see what you already agreed to in your PM agreement.

It has no bearing on what price the lender will agree to.Points to know....First, use an Experienced short sale Buyers agent....there are just to many things to look out for in a short sale.Find out how many mtgs/liens are on the property....many times a buyer has to pony up extra money to satisfy a junior lien holder, above what the first lender will offer them.Assuming all paperwork’s has been submitted, expect 30-60 days for bank to do a bpo and accept=counter your offer.Submit a gc repair estimate with your purchase agreement.If the comps are $200k, you’ll never get it for $80k unless there is a serious documental $100k problem with the property.

Strongly agree with Jason here- run your own pro-forma.

@Tarik Nabi I agree that this in this case it is the landlord's responsibility to seal up holes and set traps. 

I do agree with you @James Galla and @Andrew Briggs in that "house hacking" might be the best way for me to get started and gain some experience.

Yes I agree with you they are a big broker but what gave me a little caution was the stated programs as those programs were regulated and many banks lost their shirts doing stated programs and im not to sure they woukd get burt agsin, yet I see them on the product sheet..

I agree with @Max T.. 

If you've got a score below 650 and you don't pay your primary residence as agreed, not many will talk to you. 

@Jeff Kehl I agree that deals are more likely to be found in that range, just gotta keep the nose to the grindstone.