I found this deal through a relative, we negotiated without an agent through a period of x months.

When I sold the house 120 days later, I noticed a $14k charge for lender-placed insurance on the closing statement.I reached out to the lender and provided proof of my coverage during the loan period.

Of the two options, renovation will net you significantly more equity in a short time period.

Had a renter at full price of rental offering at 2300 within a 7 day period. 12 month lease, no kids, no pets.

It's okay if it takes some time to close.You can make your due diligence period shorter.

If he opts to buy the property, rent paid during the lease period is applied toward the purchase price.Because owner financing can be complex, we recommend working with a licensed attorney who will consider your best interests when drafting the necessary documents.Good luck!

Section 1031 has many requirements, 45 day identification period, and a 180 day settlement period (including the 45 days). 

We are in a time period now where a longer time horizon is important.

Your agent should have reviewed all this with you during inspection or due diligence period.

My overall response rate was a little over 1% for approximately 3,500 letters sent over a 12 month time period.