Buyer beware. 

Stay disciplined with your numbers, build relationships with local investors and agents, and be patient, good deals will come with persistence and the right approach.Good luck!

This is what the buyer said.1: We agree to sign a deed in lieu at closing.

@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!

The seller should not be expecting you to be the buyer, or surprised when you aren’t. 

@Arron Paulino Your posts illustrate the challenges of exiting SFH's in markets where the natural buyer is another investor and not home owner.

Many buyers in this market are experiencing challenges. 

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.

That kind of net worth can go a long way if you’re trying to make a move.And that’s part of the reason why the share of all-cash buyers recently reached a new high.

The owner representative (not an agent, just family) seems to not be a fan of this option because he does not understand it.Option 2: If option 1 does not work, or they are unwilling, the offer I see as valid for this property to make sense is about $290K plus taking over the solar loan.