'so compare that to Texas  Governor would have brought in 10k acres and it would been praised up and down the isle.. the state of Oregon had a chance to secure their tech future for the next 30 to 50 years and just blew it..

Accurate market analysis and conservative estimates are key.Underestimating Rehab Costs:Rehab costs can quickly add up.

This can make the process less stressful for the tenant and increase the chances that they will accept the cash for keys offer.

If you solve his problem, chances are he won't care that you solve yours at the same time.

I have not had the chance to test it for meth myself, but All things are pointing to math contamination. 

I recommend getting a scope of work from your PM while you're still under contract so you have an accurate estimate of what your rehab costs will be.   

Am I overly concerned or is it not worth taking a chance? 

This depends on your agreement and whether you are hypothecating the note (meaning you own the note and are borrowing against it) or doing a partial where you are selling that portion of the note and issue a collateral assignment.When i did partials I did it as a hypothecation where I kept control of the note because those who typically buy a partial are not savvy note investors and if it went into default the first call they would make would be to you.I know some who let the buyer own it and they would be calling the servicer every week asking about payment or emailing the etc. then if it did not show up they would be calling them.How you structure it is up to you, just realize there are pros and cons for both hypo is the way to go.. also the OP might just check with their personal banker if by chance they bank with a small community bank..

That approach seems like it would reduce the chance of deals falling through, and I can understand why it would be standard practice.

I did jump to conclusions as my emotions got the best of me when I did not hear back from Lacey.I had the chance to speak with Lacey this morning and also Scott at RTR.Lacey had some family emergencies she was dealing with as a result of the recent hurricanes.