The purchase price to rent ratio can be used as a rough indicator to find areas that will cash flow well but they may not do as well in terms of appreciation which can be a more risky purchase.

What language should I use in the new lease to indicate to the renter that I have promised him that I will include his lease in any purchase agreement and advertisements indicating the buyer must honor the lease?

Also, if its been sitting for over 3 months...that's another indicator that it is overpriced. 

Search of the deed indicates the deceased on title.My question is, if the foreclosure is not final, who owns the property?

These two things seem to indicate moves in opposite directions.

**Please indicate the city and state in which the attorney is based**

This is less than what I'm willing to accept normally, but the owner has indicated he would do a "no money down" deal with 2 year option, and a sale price of $56,000.

So if the purchase price is 950K, then that works out to roughly 17K per unit; and if the purchase price is 850K, then that works out to just over 15K per unit.Per unit prices like that usually indicate that the location might not be so hot and the typical rent will be low.

Target industries include IT/data, logistics/warehousing and advanced manufacturing.South Bend being a college town with several Universities/Colleges (Notre Dame obviously being the largest one) creates student housing opportunities for approximately 20,000 plus students among all the institutions.All this spells opportunity and many out of town, out of state and even international investors have and continue to try and claim their stake.As indicated by @Immanuel Price and @Aaron Linden the University of Notre Dame in partnership with the City of South Bend has contributed a lot to the revitalization of the City that is bringing new jobs and the need for new housing.

The updated “Lead-Safe Certificate” shall expire on the same date as indicated in the original Certificate..