When I first began working with my current buyer's agent, we went through a training process of about 4 months before he (1) understood what I was looking for (2) believed I was not interested in other type properties and (3) believed the type deals I insisted on were attainable.

This is a bit old, but I was searching for some info and thought some clarification might be helpful.1.

.  :-)Now, if you've done some research and have some specific questions (or need clarification on something), that's the kind of thing that we love to respond to, because those of the things that we haven't answered over and over already.All that said, you might want to check this out:http://www.biggerpockets.com/renewsblog/2014/06/04...

Just looking for some clarification on these terms. 

Anyways, I'm not sure if I"m still afraid because I lost a thousand dollars in the past due to a lack of education or if I'm afraid of my goals actually being attainable.

Without people lime you, we wouldn't be in potions to live the American dream....so thank you.Your goal is definitely attainable and I highly recommend going to local REI meetings.  

is it safe to be purchasing these kind of lands given the  assessed value. thank you for reading this, I'm very new and would like to clarifications.

There is still some clarification needed on this, it could be a pretty big deal if it can be paired with the new markets tax credits. 

Thanks for the clarification Chris.I only deal with REO's and everyone I work with refers to them as foreclosures.

I don't want to be stuck with a massive payment because I can't househack.Thank you in advance for your timeI would give the city a call and get clarification on the zoning before your option period is up.