Ouch.. but we still made a bunch on it.. but those things happen.In one subdivision I was building in the neighboring builder went with the cheapo framer.. and when you went in the house it look like the TREES of MYSTERY house along the Northern CA coast.. yup built it out of plumb drop a golf ball at the back of the house and it will roll right out the front door on its own  LOL.. not sure how much he lost as he sold it as is.. but no one in there right mind would pay close to retail for that.

Both units also need brand new septic systems, which the seller will replace.My question is...should I wait the few months for the seller to take care of all of these issues and make sure that it is done right before I purchase, or should I offer him a low-ball cash offer to walk away and then get a HELOC on the property to purchase my next investment.

I am in the process of making an offer so just want to get a ball-park number even higher price it will be ok, so I can make a conservative estimation, because this property may go fast.

It's also a good time to get the ball rolling, test the waters on finding a better tenant(s).

Hey Shawn,Full disclosure-I don’t have a crystal ball!

It puts the ball in their court and wastes exactly zero time, all while being respectfully assertive.

I have lived in a number of places throughout the country and with that in mind I am familiar with, and keen on the North Dallas and DFW area right now as well as the Phoenix market...which obviously means I am looking at becoming an out of state investor to get the ball rolling...shout out to @DavidGreene...love your book! 

Not having to disclose means you have no concerns with the few odd balls that are out there.

Be careful of the scarcity mindset agents who will ask for a monthly retainer to work with investors, "because writing a lot of low ball offers is time consuming with a small acceptance rate."

The only PM company I have direct experience with dropped the ball on end-of-lease dealings with a tenant who would not leave.