It really is only about $700 and that is cheap compared to a college education in say business.

I go some cheap legal advice and he got a good client. 

Brian Walters   when your buying low end assets you should expect to buy them as is.. that's why they are cheap and low priced.just have your contract be subject too your inspections its no big deal.. if they will not let you go into contract and want you to do a home inspection first..

(Information gathered from Google searching his name looking for online county records.)I don't have the cash up-front to do a cash offer, and the house is too cheap for a bank to be interested, so naturally I landed on seller financing as a potential path in, assuming he's interested in selling. 

The all cash buyers want it really cheap but  a seller sitting on cash can wait for a 1031 buyer who will buy an okay to good deal at a premium versus an amazing deal.So you have to remember that there are all types of buyers and they will pay differently based on experience level and how much money they have etc.Things get grossly overpriced.

I don't know the market in Michigan, but laying lino in a flip says if you've done one thing cheap, you've probably done everything else cheap.

With this being a 3 bed with 2x 1 bed units, it is set up perfect for an owner occupant to live for free/cheap.  

Rentmatic dirt cheap at only $0.25 ACH transaction.  

Most apartment complexes currently have a several month waiting list for a 1 bedroom, yet 1 bedroom condos remain incredibly cheap in Orange County, particularly around Universal.. so.. the opportunity is real around here, but, you have to begin with what makes Orlando-metro unique, because it severely alters the landscape compared to other (typical?)

Even if a town of 500 people that still seems very cheap for such a large house.