Tell her to unlock her credit!

Wall Street Unlocks Profits From Distress With Rental Revolution http://bloom.bg/1bUBEde via @BloombergNews

did not read all the replies, but if you were close in the area, i'd say "you backed out too soon". since you are far away and the seller/BP member clearly knew that, you are correct to feel uneasy. note to the seller/BP member - dont advertise as "turn key" if stuff still needs to be done to the house. turn key in most peoples minds means "i unlock the door and put my toothbrush in the medicine cabinet.

That one time something gets stolen, the door is left unlocked, they track mud on the carpet, or they give the code out, or whatever, you'll wish you never did this.What I have done is, once I had a few hours, on average, of busywork per week, I hired an assistant--simple as posting an ad under Jobs.  

No tours of the house were allowed(they shouldn't have left that window unlocked)4.

In the last few years, Windstream, Lamar and Power REIT have unlocked millions in equity this way.This is stuff no one will tell you, I hope you do your home work and go for it. 

I don't have the final ok yet, but it's looking very good so far.There is a good chance that I'm able to unlock $200k.

So in your case you can buy with cash for $40,000 put your money into the property to unlock the value.

And there are plenty of deep pocketed investors out there who will listen to NPR's upcoming This American Life piece on the slumlording professor of Mobile Home University - and instead of wrinkling up their faces in indignation, will instead salivate at a potentially discounted investment class.He appears to be an adherent of classic deep value investing - going back to Graham, and currently espoused by any number of value adherents, perhaps most cogently by Seth Klarman of Baupost Group.The classic value play is to patiently sit on the asset until the market recognizes its true value, the asset price rises (ie cap compresses) and you unlock the true value of the asset you bought so cheaply that you had the "margin of safety" as Graham put it, and Klarman titled his legendary book.But rather than wait for the market to recognize value - Rolfe is trying to teach the market.Rolfe doesn't believe in buy and hold forever - he wants to unlock value and appears to really believe his assets deserve lower cap rates than they are given.I think he is probably succeeding in helping to single handedly move the market.

Sent a photographer to take pics, and the house isn't locked, the doors are unlocked, the place is vacant.Need to know how you go about securing a house when you and the owner don't live there.