I do about 150k a month there in repairs and reno, even I get taken advantage of once in a while.Good luckIMO stay out of it, let PM handle.

This demonstrates the buyer's seriousness and commitment to proceeding with the purchase.Additional Clauses:Subject to Sale of Buyer's Property: If the buyer needs to sell their current home to finance the new purchase, include a clause making the offer contingent upon the sale and closing of their property.Specific Repairs or Improvements: If the buyer has identified specific repairs or improvements they want completed by the seller, include details about these requirements as conditions of the offer.Review by Legal Counsel: Consider having the "Subject To" offer reviewed by a real estate attorney to ensure all contingencies are clearly defined and protect the buyer's interests.Final StepsNegotiation: Once the offer is submitted, be prepared for negotiation with the seller.

This way, it's highly unlikely they could keep that close date and do repairs, but if issues come up, you could ask for a credit instead which wouldn't push the close date back at all.

The housing authority's specific inspection requirements must be completed by the property, which occasionally calls for more renovations or repairs.

For example, things like tools or building materials that I buy specifically for repairs on these units.

Make sure fourplex is in decent shape or are able to make major repairs/have funds to do so. 

I would recommend prospective wholesalers (if they are absolutely clueless about the property valuation, don't have REA who can run comps on MLS, don't know what ARV is, can't figure the cost of repairs and don't know about short-cut $30-$35/sq ft rule, 70%-75% rule and etc.) to pick a property they consider to get under contract and contact a local HML.

- Tenants can be unbearable with delays for access to make repairs:( Often they play games with repairs, so they don't have to pay rent.How have they been communicating?

Refinance:- After fixing up, the property's new appraised value (or After-Repair Value - ARV) was $312,500- Lender was able to give me 75% of the appraised value as the conventional loan- Conventional loan was $234,375 (0.75 * $312,500), and they gave me back the difference between this conv. loan and the short term loan ($234,375 - $212,000) = $22,375 to me as loan modification- Refinance closing cost (incl. appraisal and others) was $13,502Overall BRRR Analysis:Purchase cost:           $32,598Amount on rehab:    $14,091Refinance closing:    $13,502--------------------------------------------Total in the deal:      $60,191Loan modification:  $22,375(Lender gave back)--------------------------------------------NET IN THE DEAL:   $37,816--------------------------------------------Why is BRRR so great compared with conventional?

Condo is in a great shape and would need minimal annual repairs with everything external covered by HOA.