My questions: How do you go about making an offer to prevent earnest money deposit loss if you are skeptical about initial financials (income and expenses breakdown) received from the seller.

We have had really cold weather preventing builders from putting in foundations & closing in houses.

You should be able to uncheck every day (to prevent) check-in and check-out, which should strictly limit Saturday to Saturday bookings for you.

I was thinking it would help to seal the cracks and prevent any water from seaping through

@Jessica SeppoThe IRS does require you to report the sale in two situations:you have some gainyour title company issues Form 1099-S at closingYou can sign an affidavit at closing that prevents the title company from issuing a 1099-S, and most people sign it blindly.

The michigan law that you cite puts a really weird twist on this, you can prevent anything that breaks a state or federal law, and that is a common clause but the MI law may nullify that. 

Repairs cost more than preventative maintenance. 

There have been feminine products found in the pipes for two of them, but even after removing those the pipes have still been clogged.One of the plumbers I hired to who used a camera said that the cast iron pipes are old and have scaling and recommended trenchless pipe lining, which (as I understand) is a thin layer on the inside of the pipes that prevent us from having the dig up the pipes and replace them.I'm wondering if anyone else has come across this technology and has any feedback.

Any FHA backed loan has restrictions to only one FHA insured loan at time:"To prevent circumvention of the restrictions on making FHA-insured mortgages to investors, FHA generally will not insure more than one principal residence mortgage for any borrower.

I think I over rehabbed it and ended up doing way more to make it legally a duplex, which meant I ended up spending twice as much and realized it raises taxes, insurance, had to put in asphalt driveway, etc that I wasnt really planning on doing when I got it.