Suppose your new buyer can put down $5,000 in cash at closing and has "okay" credit of 600ish (stated income would be fine, of course).

Suppose your new buyer can put down $5,000 in cash at closing and has "okay" credit of 600ish (stated income would be fine, of course). 

In my area, you are absolutely not supposed to use what's in the tax records.  

Supposing that they still have inspection reports, the project should be nearly done (which I have heard from friends who live nearby.)

I suppose it's more involved with Muti unit properties though.

Items needed include:  new HVAC (current was installed in 2003), new water heater (the house has two, one is new, and the other was made in 1998), significant bathroom repairs/remodels in both bathrooms to re-do unskilled labor, window replacement to re-do unskilled labor, destruction of the garage and rebuilding the roof to be without the garage, destruction of a cinder block wall that was supposed to be used with the garage, finishing the driveway that was half-completed, fixing plumbing violations, new flooring and paint in the entire 2000 sq ft house, updating tax records with number of rooms and bedrooms, and some cosmetic updates.I initially offered $90-95k range, and said I would present a final offer upon review of the repairs.  

According to the seller's agent, the tenant is supposed to be out of the property a day before closing.

Eric Chiu I'm suppose to be interviewing a few referrals this week If you want to connect I can see if they will work with your needs

Suppose a buyer wants to buy a place for $100k, and you are willing to loan $80k to them.  

There's a lot of guessing on the expense side, but I suppose the rather substantial condo fees at least mean I don't have to worry about big repairs like roof or anything.