I would recommend The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom by Craig Curelop!

-I did some info hunting myself with the city and the owner registered the building for section 8 in April 2019 but didn't mention this-Seller Questionnaire - Owner is not aware of anything going on in the property-The owner bought the property last year.Since its my first time, what are your check and balances?

I will soon take up a Medical Laboratory Scientist travel job with the intent to fund more real-estate buying and achieve my ultimate goal of not having to trade time for money. 

Local banks and credit unions will often have looser underwriting for balance sheet loans, i.e. ones they keep on their books versus selling to fannie and freddie. 

The combined balance is very high.The estate wishes to sell all or a portion of the remaining interest in these assets, and also needs an appraisal. 

The small bank called him upon depositing the funds today and said "all is forgiven, we don't want to carry a few K on our balance sheet, so consider it forgiven now". 

So this adds $175/mth to your income line on your balance sheet. 

On a Standard 203k, the borrower can include up to 6 months of PITI into the mortgage balance to be used to pay for the mortgage when the payments are due.

I would have you review the ARV if this is achievable for the deal to pan out.

I always recommend clients have separate partners' capital accounts on the balance sheet.