The homeowners across the street knew the owners of the burned house wanted to sell- and they had the contact info they gave to us.

You need a good mortgage broker and someone to help you understand how to organize your life so you dont crash and burn financially.  

Forgot to tag yall :)@Lucia Rushton@Charlsi Kelley@Cassidy Burns

I am writing this in the heat of the moment while getting ready to go out of town so I've done less front legwork than I might normally.  Does anyone know anything about the situation with these two companies?  We own...

A lot of moving parts with the four units, the burn letter, tax records, layout, etc.  

Kinda felt bad for the seller (~10k repairs in total), then again an electrical box burning the house down since it was from the 70s with a recall for such, we were quite shocked the seller didn't care in selling discussions taking the mortgage company backing out to make the repairs happen.

If you overpaid,  AND have to put in 10-20k  of repairs above and beyond that, you can get burned. 

They'll hit you with fat fees on the front/back end, jack your rate up, and take advantage of borrowers who were either too stupid or too impatient to save up for a reasonable down payment themselves - and they want to be paid for taking the risk on (essentially - subprime) borrowers like this. 

While properties are often less-expensive in other area the rents are also significantly lower and the cost to clean, paint and purchase materials and items at Home Depot and other store is the same in every area and every state with the exception of Alaska where everything is 20% to 30% higher.There are two old saying I heard many times, "don't spread yourself too thin" and "don't try to burn the candle at both ends". 

Even though this may not be written in your lease agreement this is the set of rules you burn into your brain and you don't deviate from your own rules.