I am no expert on anything real estate. 

It will be best to have the outside expert opinion on file as to what caused the malfunction.

Because you're truly a cash buyer submit an offer at the price you'll pay, all cash, no contingencies at all, one week closing time, a certified check for 10% of the offer amount and bank statements showing the cash.  

@Rick Baker I'm no expert as I am currently going through my first home renovation loan, but I've chatted with a few colleagues and the process, hurdles and outcome all seem to be about the same.

@Ziad Maalouf Go to http://www.iremquebec.org search for ARM certified property managers.

For paint -- right now the walls are painted in either glossy or semi-gloss paint (not an expert yet) over a heavy knockdown texture.

I'd definitely get some opinions from experts in the area before your option period time runs out.

Hi @Brandon DavisNo expert here but here is my though process on this...first some quick conservative math, assuming you pay the full 100k and take a high interest (10%) rate investment loan (lumping in 60k for rehab, evictions, and some marketing) perhaps even private money.MONTHLY INCOMERent: $600 x 12 = $7,200 MONTHLY EXPENSESMortgage: $1,400Vacancy: $120 Repairs, Maintenance: $200Property Manager: $400 (guessing here)Total Expenses: $2,120This leaves $5,080 per month in cash flow....Whoa, are all your numbers right?

Things have changed in many markets (disclosure: in my markets in Northern California prices have changed a lot and are back above peak in some cases).In my sampling of experts and podcast guests, it seems like there are a lot of guys (aren't they mostly guys?)

Thanks @Terry Hershberger and @Jerry Padilla That is what I have always known to be true but having this guy who is supposed to be an expert tell me different made me wonder if maybe Ohio had some strange rule I wasn't aware of.