The owner is starting to feel motivation, since they do not plan on making any repairs, and know they will have to take a cash price for the home.I plan on taking pictures and/or video of the home on Wednesday, so hopefully I can get some assistance with estimating the repair costs.

Stephen Chatto I agree with the other posters, a motivated seller does not always mean a good deal.

We of course do this because a) you'll be doing rehab so the place will be unoccupied for at least a month after purchase and you'll still have to pay expenses (including utilities initially until a tenant assumes those accounts) and b) once a tenant moves out, it is rare for the place to remain to move-in condition AND you to have immediate replacement tenants ready to move in the next day.

In that case, all terms/conditions of the original lease remain in effect.So check the wording of your lease.

Thanks for the advice Jon...as for the photo, I prefer to remain private, since this site could be viewed by tenants (hope everyone understands).

I've only been to 2 meetings, but I leave there full of info, pumped up & motivated!

For example, what's the remaining life of the plumbing, roofing, mechanical systems?

He may be motivated to sell.

I got a call from a very motivated seller and gave him two options: buy at a deep discount or buy with terms and terms it was.

Of the remaining 1/3 most start at a price too high to be economical and end up as bank owned REOs.