And you don't want to have to make a contingent offer, that's for sure!

Contingent on the location, a tear down could work (different ball game than flipping).

If a seller has pulled out equity to improve their investment property with the intent to rent and is willing to do a lease to own, what are some contingencies to consider?

Unlike many properties on Roofstock this one hasn't had an inspection yet but I plan to have an inspection contingency built into the offer so I can back out if repair costs appear to be much more than $7K. 

If it is something that is going to resolve itself quickly and it was a good offer it may be worth waiting.If the contract specifies a loan approval contingency date and they are not able to produce a formal loan approval from a lender by that date the contract should also be null and void.

Hey All,Negotiating with a seller who wants a 10 day contingency period.

Did you have any contingencies?

Asking price was 160k, I offered 160k with a contingency of 80% financing.  

Contingency planning (stress testing and mental rehearsal).When I bought my personal residence in the 1980s, for example, my budget was tight and I forsook earthquake insurance (most Californians don't have it).

Off memory, but I want to say lot of my highest and best offers were contingent upon the appraisal value meeting or exceeding.