The buyer hasn't performed but you don't want to move on so you have been allowing them to skate on a few issues in hopes that they will get their act together.

In all seriousness...it seems to  me that you just have to show up to close and document that you were ready willing and able to perform.  

You can easily identify the properties that have had improvements – they will be noted by one of the two symbols below.Properties with this logo have had certain repairs performed by The Home Depot as a preferred repair contractor for Fannie Mae.

I had an appraiser perform a subject to appraisal and he said that with a fresh coat of paint and some other cosmetic repairs, the property would appraise for $300,000 at this point in time on the market.

I would plan on the lower end of rent values when calculating your #s.I could do 1% rent to price but it'd have to be in a stellar neighborhood with all new infrastructure (roof, AC, interior, etc) to drive down expected maintenance costs over the 15 years I can finance the property for.Don't get locked in with something that's a marginal performer with no exit strategy that doesn't result in a loss.

It's a great way to create wealth for you and your partners.I assume that you have already obtained all the historical performance data from the seller, but if you have not, that is a good place to start to see how this property in particular has performed.  

One thing to also mention is that those phone conversations are a good first step in performing screening.

However, it does appear that they operate under a different set of rules.It is my understanding as well that you must be under contract in FL to bring in an inspector, besides which, it could be very expensive to have an inspection performed on every property you are merely considering making an offer on.

The issues with a sandwich lease is the owner can fail to perform and you're on the hook to your tenant/buyer.

Hi Marshae - I can help a little - I Flip properties in San Antonio and Austin areas and I'm  also a licensed RE agent (in Texas) and I perform what are called Broker Price Opinions (BPO's). when you are trying to determine the actual ARV of the house, you want to look at similar SOLDS  in the area (start with the neighborhood, then expand to the same "area")- as much as possible when we do BPO's we try to constrain our comps to homes that have sold in the last 6 months and that are within .5 miles.