This leaves too little margin for us to be comfortable.Since I am still in my inspection period, I understand I can withdraw for any reason, but I want to send an official letter and get it signed by all parties so the Title company will return my EMD.

Circumstances should be something real like health, financial change, divorce, death etc.The properties I have seen change purpose have never had a loan called due etc that I know of but you don't want to be that one case someone decides to chase.Lenders seem to have lots of data anymore, we see them watching utility billing etc to determine occupancy.

Now it's time to officially test the waters. 

The man has his own business, he officially trims and paints houses, but there isnt a job he cant do.

this is for your health!!!).

He can treat himself as an employee of the new management company and yes he can use it to supply his health insurance etc.  

(only applies on 3-4 units)- do you have 3 months cash reserves after down payment and closing costs (unless if you're getting a huge lender credit to pay all your costs) - only applies on 3-4 unit properties- health and safety issues on the property?

On one hand you might be doing them a favor by urging this couple to confront her declining health and consider an assisted living arrangement or possibly moving closer to a supporting family (maybe the kids?).

@Jessica Zolotorofe can probably answer those questions better and more officially than I can so I defer to her

In a semi-war zone less than 1.5 miles away from historical downtown (sure to be gentrified in the future)Listed at $94,900Looks like a full renovation needed (50k Maybe 🤔)Latest assessment $111,510 (local assessor site) Appraisal $159,300 (local assessor site)Owned by Federal National Mortgage Association (that has to matter) I have about 10k to invest and credit score it is around 655Current official income is low.