Quote from @Corey Gelineau: The inspection contingency is used to legally back out of a contract due to the property being in an unacceptable condition upon inspecting the property.

If you are a new out-of-state investor or thinking about investing out-of-state, you need to see some parts of the house before making an offer.

Quote from @Golan Corshidi: Hey all,I used all the advice and wisdom from these channels and decided to do my first deal out of state.

My guess is these guys have no idea what they are doing, will dig about 30 feet and then drop off the face of the earth when they figure out they vastly underpriced the job, and especially will do so when you tell them you were thinking $250 was closer to the value 🤣

My name is  Alec and I'm aspiring to buy and rent out my first house in 2025.

Live in it for sometime, when you are ready to move out, rent it out.

That's where you may get better answers, but you also want to ask a better question to get the most out of it.How much do you know about laundromats? 

I’d search out an established local operator and pay them to operate it.

Offer to let her out of the lease without penalty and hope that she accepts the offer.

Personally, I would keep the deposit out of the conversation.