He made some key comments the more the conversation went on and I politely maintained that the original lease stands 1.

it is incredibly how much marketing investors are seeing from companies who have the lingo down, without any real company standing behind it.So, investors have to watch who they are doing business with and define for themselves what they are looking for. 

I'm tempted to offer $325K, and when they turn it down, just tell them my offer stands and call me if you can't sell it.Any insight would be helpful.

There's plenty of money to be made in the deal as it stands. 

-- as though I want a deadbeat whose own family can't   stand!  

While we will not make money, we can stand proudly behind the finished product and someone's home.Entry/Living Room:Kitchen:Bathroom:

Next time you form an agreement consult with an attorney so that you know where you stand from the beginning.

You are basically purchasing a 100% vacant stand alone building, make sure you feel confident on who your future tenant is and that there is demand for the space. 

By the way STR stands for short term rental.

BiggerPockets has great calculators that provide breakdown sheets showing exactly what cost is going into it, how it's a good deal, and how much the lender stands to make.Even without that calculator, putting in the work to quote out all of the costs doesn't take that much time and gives you almost everything you need to show cost of rehab.Great Post!