It goes beyond just the physical condition of the property although that is very important to know first hand for most too.

Without having to spend a dime on any physical upgrades we will drastically turn the NOI around.

I definitely did not want to backtrack on my offer and lower less but after physically inspecting the property and the neighborhood it was located in, I realized that it wasn't ideal for my investment goals.

Otherwise what was the point of the exercise. good luck.. consider posting the new calculations based on 650-700/ per unit to be conservative...

And all that's left is a much more reasonable 10 or 14 pages to physically sign.So instead of rush to read (or don't read at all) but take forever to sign the stuff (it should be the opposite of this, no?)

It's physical location would matter more on a rental. 

Most people buying investment properties frequently establish long term relationships with a lender to save them from having to resubmit the exact same paperwork over and over again, and to keep things smooth, etc.If you're trying to close while physically overseas, I'd also start looking into settlement service providers, sometimes called a "title company" and sometimes called a "settlement lawyer" depending on the state the real estate is in.

While there is a physical asset and a real estate transaction, you are really buying a rate of return that you want to meet or exceed on a consistent basis.

If the Tenant Buyer walks away from the deal I get to keep his Option payment since it is non-refundable and I sell to another Tenant Buyer and get another Option Payment usually about $20k to $25k.I encourage people to get qualified for financing and to plan their lifestyle to be able to get a loan to exercise the Option.

It is just a practice exercise.