I also hope they inspect at least once a year while occupied.

I'd thought about offering 145k and allowing my agent to take a 3% comission ($4,200), use the $800 on any inspection/closing costs, and the seller walks away with 140k.

(Housing Choice Voucher Program, HCVP)Guys it's 180 degrees...I had TWO properties go from voucher to inspection to HAP contract/rental to direct deposit setup within 10 business days each.

They also don't know what happens after inspection, well and septic test etc and are often extremely difficult to deal with.

I'd thought about offering 145k and allowing my agent to take a 3% comission ($4,200), use the $800 on any inspection/closing costs, and the seller walks away with 140k.

If you did not do independent appraisal and inspection, you experience what 170+ investors experienced.

My recommendation would be to put the deal under contract, then during your inspection period talk to everyone and anyone that is local that buys properties like this and ask them if they know the property or anything about it and ask them if they think it's a good deal.

My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).  

Watch out for the village requirements and make sure your team knows what areas require rental and pre-sale inspections. 

I'm biased and can provide reasons and data to show that using an agent will protect you, get you more money, less stress and so on.The reality is you can do it yourself, but tenants generally don't cooperate with showings and that causes lots of problems for buyer to access the unit to show, inspections, appraisals etc.