Some of the issues brought to our attention by current tenant would need to be addressed by the seller before acquisition.There is a potential piping issue or cracked pipe somewhere as the tenant complained about some water level problems.  

He was approachable, professional and on further research has had a very lucrative career to date.

My thirst for knowledge into real estate investing has brought me here and I am eager to turn the knowledge gained into gains for myself, my family and others. 

The program is open to landlords; in fact, my tenant brought it to my attention.

It is also a home built in 1913 and i know the town will require it to be brought up to code.

I don't know how I want to approach investing since I'm first starting off, but am eager to learn as much as possible.  

I think that is a good approach when you end up with a terrible backwards company such as Cenlar

As an agent how is the best way to approach the owner? 

One concern my lawyer brought up was that if your original intent is to wholesale the property and not purchase it yourself, this is basically a glorified Listing Contract which gives you the right to sell the house.

So get advice on your options and approach a lender without pre-conceived ideas.