In light of the "Detroit bashing" which is often common here on BP, you're posts and the post of others like you who can see the forest for the trees and dare I say, somewhat optimistic, are a breath of fresh air.

He will just be creating his own competition not that your probably really any competition .. but I would not hold my breath waiting for this.the more I think about the sub too wrap especially with Dodd Frank  I can only see someone who really does not know what they are doing even attempting those , with properties as you described its a fools errand that one.But I wish you the best in your pursuits like you said you have nothing to risk but your time. 

Next thing you know they will file a complaint with HUD for discrimination and you will have all the ADA backers breathing down your neck.

In this case, the inspection contingency buys you some breathing room for your due diligence, and that's what it's intended for - get in under contract, then take use your inspection period to do an in-depth inspection and confirm your rehab numbers.Conversely, if the property is an "off market" lead and you're confident that you're the only one working with the seller, then you might be able to take your time. 

When Chlorine reacts with water, it produces hydrochloric acid and atomic oxygen (For those of you following along, that's O not O+O, which is what we actually breathe.)  

I've learned all the same lessons you did today a few years back but I also like to keep some type of allergy friendly snack and candy or gum with me.... lesson learned from being in a car with someone who had bad breath.....

It wouldn't take that much $, about what we send Ukraine in 1 week, and it buys commercial real estate 7 years breathing room to get things sorted and leveled out.   

I live and breathe this stuff and have a lot of fun doing it! 

I would not even breathe easy until you have the property totally locked up (contract wise).Use this property has a bridge to locate future deals for investor / rehabbers .

It will be a breath of fresh air that we are forcing people to be responsible or potentially lose a lot of money though!