I reached out to RTR, they referred me to another contractor which gave me a bid that would increase the construction cost by 100K - or they offered to buy as is and I would take a 160K loss.It is terrible to fell this dumb!

Listen to Wale Lawal above.You'll be getting offers and off-market deals from everyone and their sister.

Don't see any major red flags here, so long as you are comfortable in the low income space.

However, with this in mind, contact the closing firm and ask for an escrow fee sheet to ensure that it somewhat aligns with the standard title/escrow fees that other closing attorneys offer.

These tend to offer personalized service without getting lost in the shuffle.Verify Their Specialization: Some companies are better with single-family homes, while others excel with multi-family units.

Make you're offering an R&D one, so you will have to do what it takes to make yourself that. 

Same sort of concept with making an offer on real property, do you have your attorney make the offer?

The best advice I can offer is to focus on building connections.

The property was well-located and priced under market value, offering a clear path to profit without needing significant renovations.

Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.