I used to rent to dog owners, but not cat owners, I'm allergic to cat hair so it was an absolute with me.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Comparing your ex ante to your ex post will give you a good idea about how good you are at forecasting things.Much of the hair splitting doesn't matter a whole lot after the purchase IMO.

Personally, I wouldn't add hair to the deal now with the conventional offer.  

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.If someone calls the local code enforcement authority and says "hey I'm pretty sure that place is a death trap, because I saw x, y, and z" then that's probable cause "supported by oath or affirmation." 

Maybe a hair more if lot rent is super cheap or if seller can finance large part of the sale.  

Worrying gives you ulcers & gray hairs.

FWIW I love owner financing and am planning a business model selling houses on owner financing, but I will work hard to be compliant.For some hair raising info about "enforcers" go to the last page of this mobile home thread:Mobile home safe act threadBTW the "police" will 99.9% be the borrower who feels they where ripped off and they call the authorities especially if they figure out the legal remedy is 90% of the time the investor loosing the title and equity in the deal.

This was for a Hair-care product. 

Essentially splitting hairs.