Seller is willing to do seller financing on one of the properties, but his concerns are:1) Not losing money compared to an outright sale and dumping funds into stock market2) FHA inspecting his unpermited 5th unit.

But  most of those repairs with the exception of electrical would typically be non permit repairs. maybe someone else can chime in but I would assume they  could be repaired and then just call for an inspection. can you call the office and find out what will be involved in clearing the violations and if there is any fees or costs associated with doing so?

., but I'd like to get something in writing quickly to 1) lock in the deal and 2) get the inspections done.

.- submitting proof of funds with your offer (i.e. bank statements)- including as few contingencies as possible on the offer/contract (i.e. inspection, appraisal)- purchasing the property 'as-is'.

I got them to come down 20K in price at inspection, it's a duplex (not a normal one, a studio on one side and a 3 bedroom on the other).

INSPECT THE HOUSE!

None, need to have land inspected by land survey guy to bring to builder.

Found on MLS, got offer accepted below asking, and negotiated closing cost credits based on inspection How did you finance this deal?

Get an inspection or take your chances without one.

When doing the inspection the tenant said not long ago there was water in the basement up to her ankles but was fixed recently.