Tough to say in looking at your analysis, because your renovation assumptions are what this hinges on.

My assumption is that the property was incorrectly included in the bulk property listing for his properties with mortgages. 

Selling a house being built - my assumption is I can't list until I take possession post-closing, but I'm not familiar enough to know for sure.

You are right in your assumption, I have done a few deals locally, but no flips.

SInce I never responded any further, neither did they and it was over.My concern is once you start commenting, making assumptions and inquiring further, you may be opening yourself up to unnecessary liability. 

Assumption means getting the lender's permission. 

Not to get too personal (or make assumptions from the gate) but most physicians finishing residency have vast amounts in student loan debt to take into consideration.

Now that it's tax time, my assumption is that I need to report a sale on the three properties. 

If you are looking to buy commercial MF, which is my assumption, since that is where you are posting, then you should absolutely not sign an exclusive agreement.

Finally, I always throw in a bit extra for snow removal and landscaping costs, usually $50/month.I estimated an interest rate of 3.875%, spending $30,000 on reno, with the above math and the assumption you are going to self manage the property.