I think it will all come down to the inspection results and whether the bank will play ball after that.

It might be time to have a little "Come to Jesus" talk that it is time that they move and tell them you will let them walk now and will sign a waiver of past due rent or you will have to play a little hard ball and go after them for everything.

Different states exercise their own regulations concerning what permits and licenses are necessary to flip homes and that the investors should research and know what type of permits and building requirements are enforced in the area.

The laundry room needs to be separately metered.Occasionally there is laundry room drama.... two people needing to do laundry at the same time, someone using the machines outside of the posted hours and disturbing the sleep of others, someone leaving their clothing in the machine too long, and mishaps, like the ball-point pen that went through the wash and melted in the dryer leaving blue ink everywhere. :-)

The most successful investors i've talked to make offers that are bold, No- contingency, close in 10 days or less.To be blunt, it takes serious balls IMO, but doesn't almost everything in life?  

Take the ball and run with it.  

Off the top of my head, I'd rather go for $3500/mo. because you do not have a crystal ball and cannot confirm that the 1st place will appreciate.

Everyone can tell you it has potential....the trick is no one has the crystal ball.   

A low ball all cash with 2 separate seller carry.

The toilet that flushes 7 golf balls is a good one.