Seller puts mortgage in the back of their mind and they prevent a foreclosure from going on their credit report.After seller agrees: You market deal Owner Finance/Assume the loan for $15k down for $65k purchase price. ($5k to catch up loan, $10k for your profit).Finally: Once you have both agreements, take the deal to the title company and explain to your closer what your doing.

Perhaps some constructive feedback might help prevent them from being that which you loathe so much.

The tenant originally had someone on the lease that was going to rent out the basement but when it got flooded his tenant left and asked us to reduce the rent by a 1/3 for the rest of the year b/c he lost his tenant  vs. fix the basement problem but we decided to fix the basement problem b/c we are in it for the long run.We want to be fair to the tenant and keep him comfortable but to prevent from being taken advantage of.

So i'd give it back and be glad I avoided a flakey potential tenant or larger problem...And maybe look at the details and timing of your signings to prevent this in the future.

Question... what prevents someone from breaking contract and selling to a better offer if they have not much to lose.  

This prevents multiple submission for a particular risk with conflicting information.

@Kelly G.The only thing I can think of is paying someone from a nursery to come and put some kind of special goop on the cut branches to prevent damage to the trunk.  

Again, assuming you are working with an investor friendly lender, with minimal/no overlays, that does the arithmetic correctly.Some lenders have overlays preventing all this. 

But then he would rent the apts and keep the rental cash for himself.There were so many devious thing that he was doing that it made the prosecutor's head swim.Yet all of the headaches of the individuals who were caught in this scam could have prevented it simply by doing their due diligence on both Jake and Joe.I hope the readers of this post will learn enough so that they can prevent being scammed.

Just by Lowering you Cap Ex due to preventive Maintenance that would add $67.5 to your cashflow bringing it to $341.99.