Again, you'd have to crunch the numbers and see.

@Mike DymskiThanks for the advice Mike, I definitely need to crunch some numbers through a deal analyzer.

They know they will be working with investors who are crunching numbers, and a low appraisal gives some leverage to the buyer if a clause like this isn't in place. 

I'd crunch the numbers again at $850-$900/mo per unit rental income and 85% to 90% vacancy, and see if that'd work for you.  

It gives them time to move with a peace of mind instead being on a time crunch.

With the water crunch, renters may not water the lawn/bushes then they all die.

is to crunch number on properties in and near downtown, since we would like to move back to the city at some point, and you're right, prices are crazy.

If this is a flip, and he spent $150,000 on rehab, and he's trying to sell for $260,000.....Lets crunch some numbers.Lets assume he paid $65,000 for the property (1/2 way between the $40K and $90K he could have purchased the property for), with 3% closing costs...he'd have paid $66,950 for the house, then put in $150,000 in rehab puts him at an all in of $216,950.If he sold the house for $250,000, he'd be making a profit of $33,050, which would give him approximately 15% return on capital gain.

The more you read this forum if you give everyone the information they'll need to crunch the number, I think the guys/gals who have been here the longest can do it in their sleep by now...

Whenever I crunch the numbers on properties here in Austin, they just don't seem to add up to make it worth the hassle or expense.