The end goal is to have something so we can leave behind even after the rehab is done. 1) change out locks when key is missing; Kwikset smart key, it can re-key seem to work fine.2) security system (monitoring or just stand alone) Camera would be nice. 

I think a good wholesaler will have been a good flipper his/herself first so at least they have an experienced leg to stand on.... just my 2 cents...

It's hard standing in the sellers kitchen watching one of them cry.Thanks.

It was a 3/1/2 had gravity fed heat for the first floor & no heat upstairs, it had one 3/4 bathroom (that a 6 foot tall person could not stand up in the shower) and it would need to be significantly remodeled. 

“Instead of fighting our way into Manhattan or South Beach or Hollywood, why not go into these markets where the product will stand out by its design and thoughtfulness?”

This property is just one of those rare deals where the bank made a huge folly, and it probably took them a long time to realize what went wrong, especially when they could've seen that the property was suspiciously still standing two years later (the bank was very local).

Wondering if I should terminate their month to month and stand firm on my offer of $625/mo and them paying the water bill or if I should exercise some compassion and take a little less to avoid a vacancy.

., C-Corp, LLP are all their own self standing entities.  

It's crazy to me that some sponsors get a hefty percent of the upside, but stand to lose nothing if the deal goes south.

The inspector noticed that there was a definitive water line all the way around the basement and on everything down there, about 14" off the floor, so there was about 14" of standing water down there at one time.