. ** and yes: I don't know how you are arriving at 50k But go see it: based on comparable sales arrive at an ARV (after repair value): then get the estimated rehab cost from a reliable contractor: Then get the ARV $: times 65% : that will give you X: minus repair cost : and that will equal your offer priceFor example: ARV is $100k : times 65% : or 65k minus 20k in renovations: so your offer will be: $45k You can't lose with this formula. 

Which would be equal to about 414k US dollars.

Move in Fees equals First Months Rent and a Security Deposit.  

Mark Douglas Equally plausible (with a touch of sarcasm) future scenario:Andrew: It's 2020 and the real estate market has corrected 10%!

They have an annual lease and their deposit was roughly equal to 1 months rent.

I'm located downtown so any-side of town is equal distance to me.

My wife is a perfectionist and gets mired in the details, treating every piece of information with equal weight. 

The exchange rules say that in order to defer 100% of capital gains taxes and depreciation recapture, you must spend all the equity received and buy property of equal or greater value.  

Moral of the story, most of the big banks have overlays, and not every Loan Officer is created equal.  

If I fire them, I will also be going after them legally- like a mad dog -  and am looking for equally aggressive legal help.