If you choose to exercise your inspection contingency after the inspection all earnest monies collected by the seller are to be returned to you the buyer.

We may immediately cancel this lease, and we shall thereupon become entitled, without any further notice to you, to immediate possession of the unit and, b. All

Account Closed until you exercise the option you are a renter.

They both have existing mortgages + delinquent taxes - I am wanting to see all options (wholesale, subject to, etc) I can exercise to retrieve the homes and also get more clarity on this question -Why would I purchase their home (after covering the mortgage) + tax liens when I have a possibility to win it at auction for a possible fraction of the price?

Politely deny their request and if they keep giving you a hard time, tell them they have an early lease termination fee in their lease and can choose to exercise it if they wish (assuming you have one).

Investment Info:

Single-family residence other investment.

Cash invested: $6,000

This property was my late in-laws residence. The property was inhabitable and required over $100,000 in repairs, including...

It's a math exercise to determine if it's a good investment.

Like I said the goal is to create cash flow so we can save and invest in more properties so eventually we can keep the ball rolling.

@Brandon Turner in all his webcasts usually only puts $3k towards this expense and I has expecting mine to come in the same ball park. 

You also need to check with the utility companies and get cost estimates from them for availability, fees, hookup charges, transformer and power line/power pole locations or relocation requirements, water, sewer,gas, cable etcYou will need ball park cost estimates from site work contractors for site work, roads, installation of utility lines etc.