The other person doesn't have an extra 200K lying around to make good, or2. 

Unless he gets square with you, which is unlikely because A) he’s been lying for 11 months and B) he spent all the money for materials on other stuff already...

@James O NixThere is a saying in credit: "Let sleeping dogs lie."

Although I still have some work to do to get where I want to be, my interests lie in single family fix and flips & multi-family buy and holds.

The one that I work with now knows the different prices, where my comfort lies, where I will wave contingencies, etc. 

Sometimes the seller outright lies about the quality of the tenant, there are many reasons why inherited tenants should net be considered a plus.

Best to go into the deal with the expectation of putting up 25% down; 'Creative' financing is possible, especially on a turn around type acquisition, where the buyer may be adding value to the property through better management, renovation, tenant mix, etc.One thing to watch out for is what I call 'the great lie' of apartment sales. 

Hahaha I’d be lying if I said my love for the Office didn’t have any part in my reasearch of Scranton. 

OK :)Based on the scenario you posted, they are either doing that lots of times or they are lying to you.

Account ClosedWhile I appreciate y'alls passion about your communities, the numbers don't lie.