Anyhow, I wouldn't consider an undiagnosed hole as an automatic deal killer.  

You will find what I consider an infinite amount of knowledge here.

As a remodel, if you are experienced, you may be able to make the case that they will easily get their money back but you will have to sell the concept to the bank...and especially the underwriters.If you move into it, you can consider an FHA 203K Rehab Loan.

Could be way off, which I probably am.Considering that the house has been listed for 5+ months, if I factored in everything you've mentioned, in addition to lending fees, interest, and more accurate rehab costs, would the bank even consider an offer that's $100k+ less than listing price?

It's not a foreign corporation if the Corp is filed in Texas and its properties are in Texas.I suggest you consider an LLC or Series LLC in Texas for real estate dealings.

Hi Folks,As the title suggests, I'm looking at an owner finance deal (6 residential units plus 3 commercial spaces,485k asking price) and I think they'd consider an offer with 50k down.

Add your guarantor's up front in you need to, but adding them to a loan should only set you back about 2 weeks - less if you have a very good lender.With that being said, if you need a backup you should consider an investor portfolio loan as @David Krulac mentioned.

Louis.As to REOs, I'd consider an adjustment as a distressed sale in the overall assessment, in the final valuation.Exceeding those ratios may give cause for a tougher review appraisal for secondary market lenders.

Your business will still be marital property.You might consider an LLC, but it's not necessary if you operate the rental properly and have more than sufficient insurance.

@Jon Klaus  What would you consider an "outlying town"?