There may be some crazy, unknown issue or issues that make it not worth buying that the bank will never tell you.Whether foreclosure or not, you need to run the numbers and make sure the purchase makes sense for you...it doesn't really matter why the person wants to sell unless you can leverage it for a lower price.

The water heater is still undecided, but gas dryers are virtually unknown here.

So your all-in price is still unknown.

Newbies get flustered over the unknown, which is probably where you are, if you follow my advice here you'll have a smooth settlement with an experienced closing agent.

But since you didn't compare selling with and without staging in ATL, it really is an unknown.

On top of that, I'm concerned that there are many unknown unknowns in the contract area (estoppels being an example).

As I think about this like you say there is so many post from unknown sources on BP But any way it was just a thought

The cash flow will support you paying them back.I wouldn't look at hard money for a long term deal, risky.If you partner with an unknown you never really know what you are going to get, and you don't have the money to buy them out.

You can become anyone you choose" unknown

I have done a whole lot of rehabs, and I wouldn't touch one like that without a huge profit margin in case something unknown popped up.