The potential of a bust would obviously adversely affect my cash flow, however, not enough to enter the danger zone.Thanks to all for your feedback, keep the comments coming.

Is there a danger that their agent or another in the office will try to work up a deal with another client now that they know what they are willing to take?

It's more common now that fewer churches own parsonages for pastors' housing.

Some lenders will go up to 10 (which is the fannie/freddie limit), but fewer will do 5-10 than will do 1-4.With commercial type financing you don't have these limits.

Even if not they seem real to the person having them which is the dangerous part.

Unfortunately, you have gotten the process OUT OF ORDER here and that can be dangerous.

Do not, however, attempt to do a sandwich lease option... they can be extremely messy and extremely dangerous (after doing this full time for a while I wouldn't even consider doing one myself).

If it isn't safe for you to drive through it, that's fine as long as you are prepared to deal with such (that dangerous of an area is a special niche that you need to have more knowledge of how to properly handle), and the list goes on.Yes, the internet makes it very easy to buy a property sight unseen and you can certainly do that, but don't do it without due diligence.

@Brian Kirk In Northern CA (Sacramento county) there's a legal newspaper (The Daily Journal) which publishes "Notice to Repair or Demolish Substandard/Dangerous Buildings" or abatement properties.

Apparently there is a huge development project in the area that should be great for property values.So they are trying to sell something worth maybe $40k for $170k and the condition of the properties are sub-par, and the neighborhoods are dangerous?