The down payment would be low, but from what associates of mine have told me, it can also be a pain to deal with the inspections and withdraws.

On a $2 million purchase, that’s $100,000 to $200,000, significantly less than if you purchased it with a loan.If the deal goes bad, you don’t have to exercise the option, so your downside risk is limited to your option money, time, and improvement costs. 4.

@Terry Alexander  my finance guy said debt to income ratio needs to be under 45% but also there is a Debt to Credit Limit ratio that maxes out at 68%.

Ask the loan officer to give you the max amount for which you qualify so you can use that as a limit in your shopping.

In Connecticut, houses in flood zones have limitations on improvements before the house must be brought up to full FEMA code.

This is in the Rock Hill City limits and that is what the millage is.  

This requires you to get a surveyhave the lawyer divide the property into common elements, limited common elements.create an HOA.

There is limited appreciation upside and you should keep that in mind when contemplating what improvements to make to the property.  

Seller financing such as you describe is much more limited than it used to be.

If you go through BP and research how to send a mailer, you will find an unbelievable wealth of information for free.I'm not sure limiting yourself geographically is the best approach at the beginning of your career.