If the farmer is REALLY a motivated Buyer (questionable, because otherwise he should have bought it in the first place - my guess is he just tried to be a bit too clever), then he should now pay AT LEAST fair market value ($100k less what you allow for repairs).

Ah, back flipsOne of the gurus who regularly emails me was crowing like it was something clever he came up with.

Overall I think this could be a clever strategy, but I think you should be licensed to do this and the situation needs to be right.

In my area Realtors began the same practice for listings as a clever way to serve their client, not losing a month of good marketing time to some fly by night.

That means you have buy furniture, linens and kitchen furnishings you wouldn't in a normal rental.

Your tactic may be clever with calling it "option" money, but if the buyer truly discovered a serious defect, would you really keep the depisit??

This is also a clever way to gain entry to be sure they are maintaing it too.I also like to cover all rooms except bedrooms with good tile or travertine, including hallways.

(I'm gonna coin a term that I think is pretty clever, and I'm going to offer it up to the community)...Faux-sellers.lists of properties taht were all on MLS in the last month or so and they're offering them at around the same price as they were listed for...In any case, I'm very interested in talking with flippers, funders, investors, wholesalers here at BP, but especially in my area.  

Wow this is so clever.

No, I'm not a New Kids fan, but I am clever, sometimes.