I found it listed for rent and so far all I know is that they have been toying with the idea of selling.Some of my perceived bargaining chips: I am a mortgage Loan Officer so it will close quick, easy, and I can give him a killer deal for his next purchase if he is looking to buy again I can save him money not using an agent (I have one, but I found this on my own so not sure where he may come in on this)What other advantages am I not thinking of?

You can run all the math you want but ultimately I think leverage reveals your emotional reaction to the perceived risk of the asset being leveraged.As a final comment, to @Steve Vaughan 's point, I don't see the purpose of owning REITs if you're on this site: they're a very inefficient way to own real estate, ok for passive investors who don't want to get their hands dirty, but if you're here you want to get your hands dirty and will get superior results and more control by doing so.

This puts you on the same playing field with everyone e.se and his brother trying to create sandwich lease options, and unfortunately negates your strategies perceived advantages.However, I really like your thinking, and encourage you to continue to come up with ideas that will possibly create a clear strategic advantage in deal flow.

@Nicole HossYou bring up a great point here regarding how different investors perceive value.

It has changed the way I perceive my drives and drastically helped me learn as I go.All the best!

Very frequently we learn that the reality of something turns out to be extremely different from how we perceive it to be; I am wondering if the note business is the same. 

You could provide the tenant with a written copy from the electrician showing there is no problem with the home electric but do not provide a written "guarantee" because this sets you up for dealing with many problems that could be perceived as your fault. 

In San Diego, the property I would tell the newbie to most avoid are the ones with the best rent to price ratio because they are either in a rough area or in an area that is perceived to have lower appreciation potential (usually far East county).

And in this great country, specifically in the great Commonwealth of Pennsylvania and the great State of Wisconsin, we have this truly extraordinary thing called a functioning social compact backed by the rule of law.What I'm getting at is that you don't have what you rightly perceive as the burden of making the decision to evict them.

Neither agent nor inspector is likely to know about this, and therefor you have issues with the seller not disclosing material defects in the home that affect the buyer's perceived value.