There is also no open house for this property, I would have to buy it sight unseen. 

In FL I would think we may hurt more by losing Europeans than losing Americans preferring to go abroad. 

Never buy a Right of Possession, just never do that.

Our plumber re-plumbs entire houses for much less than that, and if it's a simple leak you can find, you could be done for a few bucks.The 80's were the era of pinhole copper, so there's always a chance that your supply lines are shot when buying a house from that time period, but it could be something minor too.

Has anyone had luck putting up “we buy houses” lawn signs of their own?

As a note investor, we rarely if ever originate loans for owner occupied, we would rather buy on secondary market at a discount. 

It's an attempt to buy votes during an election year.

Costs and any inspections, work, etc that are needed can be part of your offer to the seller or covered during due diligence if you don't buy it "as is".

In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike price" to BUY the property IF or WHEN the OPTION is EXERCISED is $300K The seller wants $60K to sell us the OPTION. 

I am on my way to buy my first property as a 20 year old student.