If you end up getting this house, you will have an insurance on your end to cover up if anything was to happen in next 5 years.If there is further damage because of all this snow that we are getting right now, insurance is suppose to take care of it ... before you buy it ... yeah you may end up loosing $900 (and it sucks), but that may be better than getting a house that is falling apart ... unless of course you can renegotiate the price again with the seller :)I know right now you are probably very nervous about it ... just try to enjoy the ride ;) ... don't worryvsomething will work out ... there is not lost money, there are only good lessons.

Nope, your Dad is being taken for a ride.

Depends on where you are at in your business, what your ability to ride the wave is, and how comfortable you are with management of your account.I'll tell you whats cheaper; getting on my buyers list :)   Let me know if there's anything I can do to help

You need to know where your budget is and how long you can 'ride the wave'.

I BELIEVE it can be a win-win, but if approached incorrectly it can very easily come off as "Hey, you're out there hustling and I just want to ride your coattails".Any input is greatly appreciated.

A bike ride, bad golf or home with a movie or to the river with my dogs.  

Just ride it out because you will need to repaint regardless of if the move out tomorrow or 10 years from now. 10yr is better.

You want to make sure that your underwriting is conservative enough such that you can ride through the adverse cycle and sell at the next market cycle peak.This means factoring in a higher than market vacancy rate. 

(And we also want to ride all of the big roller coasters of the world!)  

Real estate is a roller coaster and right now this ride is near the top which means profit margins are thin.