An appraiser will give you a detailed report based on a thorough inspection and analysis of comparable sales, market conditions, and other factors.Remember, price estimates can vary and everything is an opinion to some extent.

@Veronica Mitchell most contracts have a finance contingency where if you can’t get the loan then you get your earnest money back, but you’d still lose the money spent on inspections and appraisal if already done.

It depends on the condition, but if it passes a 4-point inspection, I would definitely go for a novation first because they need help with bills, so you could probably support them with that while getting a retail buyer.

they normally look at the seller to give a lot of seller credits and the home has to pass their fairly rigid inspection criteria.. they dont want first time homeowners in homes that are in need of a lot of repair or deferred maintenance. the program basically is for those with poor credit and little to no money but can toe the line and get into home ownership.. 

We find flip deals in the Reno, NV area that are on market and you can sometimes even have inspections done.

Just got back to Los Angeles from inspecting the property in Toledo... 

You should have a full inspection completed.

The tenant has been a problem from the beginning, such as behind in rent for a year, buys a brand-new Jeep, lies about ex-husbands job, child support, court cases, etc...Now, the house needs a new deck, so I went up to inspect it.

I would not necessarily give up the deposit (if you have one) until a move-out inspection is performed so that there is some security for damages caused to the property.

One year also helps you maintain a schedule for inspections, rent increases, preventative maintenance, etc.If your lease doesn't have an early termination penalty, then the only thing you can do is start marketing and find a replacement tenant.