Not a deal killer per se but I'd be wary of owner financing when real estate is selling like hot cakes!

Sills are also caked with dust. 

Commercial has been cake.

It sounds like an easy choice - if you don't like the numbers, the realtor and the basement flooding is simply icing on the cake I'd find another realtor who has good reviews/was recommended to you and explain the situation to him/her. 

I have a home in Anaheim ca. near Disneyland, and ive been hearing about I can possible make100,000 annually with airbnb Is this true ?

If they balk, they don't get the job because I'm not going to eat their tax bill and I'm not playing patty-cake with the IRS.Keep smilin'Dennis

What I think maybe he didn't realize is there's likely no need for new fancy wording and elaborate clauses referring to diligence, basically his scenario as stated seems to me to be the same cake already on his plate which he was then asking if he could eat. 

Then comes the saying, appreciation is icing on the cake and should not be counted on and I will say definitely, in some areas of the country. 

I can barely rent a single-family house right now, even with significant price drops of 20% or more but apartments and houses under $1,000 are renting like hot-cakes.

This was a piece of cake in comparison to the single family.Purchase Price: $242500Rehab Costs: $6075Estimated ARV: $290000-$295000I plan to refinance, pay off a good chunk of the HELOC, and repeat in a few months.COC: 12%Cashflow (after all expenses, including HELOC payment):  $492I still have a lot of work to do, in terms of running a successful rental.