You can't even skim the surface of the components to a home in 3 day, really only 2 since 1 day is in the field and you will be looking at thinks that mean absolutely nothing to you.

As some others have pointed out, I believe you could achieve slightly more than $1,200 per side, possibly up to $1,400 with some surface interior updates.

The only thing I can think of would be if you keep the gold at the bank without access to it until the loan is paid off.On the surface it seems like an attempt to spread the risk of the loan or transfer some of the risk into a different asset class.  

Dry wells are required to "store" the rain water on your lot from all impervious surfaces for 24 hours, including the driveway! 

A lease longer than 3 years also violates the due on sale but is less likely to surface to the lender's knowledge, but could.Obviously your questions reflect your level of knowledge, not being condescending just sounds like you're really new.

As Nick said, there's more to the deal than what's on the surface.

Previously to this I had replaced carpet with ceramic tile (already a couple of chips through the surface layer), Pergo (still looks like brand new after 3 years but is not waterproof like LVT is) and when I bought my first rental, carpet, which was ruined after 3 years. 

@Matt Holmer, I'm not so hot with numbers either, but on the surface it looks like the Seller would be receiving an average of around 4.5% return per year, with the final balance of $112k being in their pocket at the 10 year mark. 

Once the surface is filled up ... level it off with top soil on top if you like.

I agree - $2k sounds way too high unless they painted every surface of a very large area.