As you noted the land is removed from the equation.

The owner has done some questionable work with the kicker being an un-permitted unfinished addition that would either add 150 sqft or cost to remove/rebuild, still not sure how I want to approach this. 

Our goal is to help everyone get at least one deal done and break into the real estate investing world, we want to remove any obstacles that they may face in getting their first deal done.

For that reason, I wanted to pay cash to remove any emotional/financial burden so it bothers me less, If that makes sense.

Once you sign that agreement, you have a legal and binding document.Some fees that are placed in addition to a percentage are to help reduce the agent's fees - especially if the expected commission will not provide the agent with an adequate paycheck after the broker's cut and other investments that the agent had to make in order to help the buyer purchase a home have been removed from the commission.The challenge of the buyer is to make sure they have the funds to pay the agent.

I thought for the benefit of other like me I'd add my two cents.Recently, I had to have the constables remove a non paying hostile tenant.

He did no testing whatsoever, didn't even remove the heat shield on the water heater. 

The beneficiary looses ability to control the land trust.

I'd ask them if the handle just jiggles around completely loose, and if that is the case, the wire clip just needs to be re attached - 2 second fix and then wash your hands.   

This property is so mismanaged....Moving Forward: Once we got into attorney review I had my attorney make it clear that I WASNT taking possession of the property until all tenants were removed.