, and RELIABLY make that first paycheck.No matter how you spin it I simply CAN NOT and WILL NOT ever justify calling up random people to ask if they want to sell their house to some unknown stranger (so desperate they are aggressively, and desperately trying to force me) with zero credibility to sell my house to them at a severe discount. 

How much it carries depends on the knowledge of the seller.....for an educated seller it means very little.....it means you may get the loan if it meets the HML’s criteria (an unknown), if you have the additional cash needed, blah blah blah.

PP $210kDP $15kRequired roof repair $15kInspection currently taking place this morning so unknown additional repair costsCurrent rents $2345 Owner paid W/S/G & exterior electric $544taxes $2200 /yrInsurance (awaiting accurate quote) estimated $1200/yrSeller financing $195k at 5.85% 5 year balloon amortized over 30 years with monthly payment of $1150.

I am currently occupying the property so I am only projecting the rents of my unit but my numbers have this property cash flowing over $950/month after ALL expenses (including unknowns of maint, vacancy, cap ex, etc.) if they were buying with a conventional 30 year at todays rates.

Newbie investor.Just got the contract and it mentions that it is unknown that there ever was a "sinkhole" there, or about the foundation, --Seller (is unknown) of a sinkhole(s) present on the Property.

And feel I let fear of the unknown and all the what IF’s stop me.

Title co's and title insurance covers you for the unknown just like property and liability. 

What kind of "contingency" do you use for unknowns?

You might even have to dig up sewer or water line that broke for an unknown reason.

Most seller's don't want their loan passed around to unknown parties.