I can't think of a reason why you'd want to do this off the top of my head, but I'm not saying that one doesn't exist.

I do text marketing and came across this seller that was wanting to leave AZ and head to NC.

I get the head of the company when I want. 

I've always purchased and I have always been told by family and friends "it's always better to purchase"...buying builds wealth...I just did it without question. 3 homes bought and sold later and I'm scratching my head because I've always sold my homes for way more than I bought but still never seem to come out better.Thank goodness I also put money into investments.

Depending on the area of Cleveland, I don't see rents rising rapidly so I wouldn't count on increased rents making up the difference.

For example, an owner headed to foreclosure might sell you a property "Subject-To" where you take over their loan at a LOW LOW rate which changes the math a LOT when analyzing a deal!

In Brandon Turner's book "The Book on Managing Rental Properties" he talks about accepting the initial deposit as a deposit to hold the unit and has verbiage that the "deposit to hold" will automatically convert to the security deposit upon move-in.I'm working my way through the book now, so it's fresh in my head.  

Is it in foreclosure and heading to the courthouse steps?

I shake my head at how they would contradict their own note unless you signed the mortgage or amendment agreeing to this.

I sat in on investor Due Diligence meetings with the heads of all departments, learning how leasing was done, property management, bank financing, corporate finance and budgeting, etc.