$560 is pretty cheap. 

First, since REOs are usually listed on the MLS, you have to ask yourself how you're going to buy it cheap, and find someone else to sell it to.

If I feel there is any "liar data" in there I throw out that piece. 

I agree with the need of a furnace.Most mountain cabins have hot tubs.Emergency generators aren't cheap, but great to have during a sustained power outage.I've thought a battery backup system might be a good compromise.

We're selling off a couple, keeping the easiest to manage, and using that capital to throw gas on our other fire. 

I'd rather toss money in the S&P than a turn key property in a cheap market with low or no population growth. 

(Approach - 2) - He says that if he is asked to pull permits, he is not responsible for any additional work that the inspector may throw (basically more money out of my pocket on the rehab costs).

They're starting to throw their houses up for sale because of all the equity they've gained and many are moving to other states so they can actually get insurance on the new homes.

Throw in leverage and instant cash flow, you can’t go wrong!

Those ain’t cheap, and one good catch by the inspector saves you all the money you spend on all the inspections.There’s an old saying: “Life is hard.