Well, I like a lease and a ROFR.A ROFR may be triggered by an offer received by the owner from a third party; in such a case, the owner is obligated to first offer the property for sale to the holder of the ROFR at the same price and upon the same terms.Another scenario may occur if the owner makes the decision to sell the property but does not yet have a buyer; the ROFR may obligate him to offer the property first to the holder of the ROFR.The principal benefit to a ROFR is that it is not an executory contract, even when combined with a lease.

No different than the 'junk-bonds' of the 1980's.Banks should have been forced to keep their loans in house - not been able to sell them - and the mortgage bubble and collapse could not have occurred.

Welcome @Rafael VelascoDon't forget to actively ask questions as they occur to you and reach out to build a network of colleagues on the site.

As far as your case goes, if after your inspection you still think its worth buying, if you want to shoot them a lowball offer, I don't see the harm in trying one, other than the time it would take, etc the worst they can do is say "NO"!

Their visit could've been initiated by one of the cop's grandmother who you've peppered with Yellow Letters and she is interested in hearing your offer but is naturally afraid of being swindled or harmed in some other way.  

Due to an injury that occurred overseas, my career options are limited as I head into the civilian work force.

These differences can be attributed to a number of factors; Physical Vacancy, 'Loss to Lease' which is the amount missing because units are leased at below market rents (Longer term tenants typically), Units in Turnover or otherwise out of service, Concessions and Credit Loss.Most professional property managers will break out all these economic vacancy factors in their monthly reports so that the owner can see where the slippage is occurring.

In doing so, I see that the notice of default was filed on 8/15/2012, the notice of trustee's sale on 1/4/2013 and the trustee's sale occurred on 1/23/2013.

No harm no foul!

The inspection clause seems like a clear walk away situation, so from the buyer's side it seems like no harm, no foul.