I am sure prices have gone up slightly but should not have doubled.

My current property was bought for a little more than land value at the time, but 14 years later, the same land would cost nearly three times what we paid, and the "free" 4 bedroom 3000 sq ft home is still a bonus, even though it could still use some more "fixing up".

The only money they see changing hands is the only money that pertains to them...the $10k to buy their property...and, the buyer hasn't changed...it's still the same LLC.6 - ...and, there is no need for a double closing. 

Hello everyone,   With our kids getting older and starting to move out, I am going to be renting out our 3 bedroom walk out basement. 

The one issue I have is that the house is HUGE ( 4,570 sqft, 9 bedrooms) and there is only one bath per side of the duplex.

If that's the case, I do not see a reason to go digging for paperwork, double checking work or building a case.

I am seeing prices for light rehab (some Sheet rock, paint, grout, caulk, moldings) for about $3,000 for a one bedroom unit- I mean there are so many ways you can define what is light rehab vs medium etc- but I got a few quotes for painting/some sheet rocking, new moldings, etc and that seemed to be the range (like 2500-3500$ for a one bedroom) including materialsplus an additional 300$ to clean out debris, and window repairs I'm still waiting on separate estimates for but can share information on what I get back :) 

Get the seller to sign the purchase agreement, let them know you need it to at the very least do a title search.make sure your title company does assignment or double close or whatever.title comes back clear go back to buyers with your price.get assignment signed.submit to title.set closing date.get paid

Or, if its a double close, they will pull title and discover the seller doesn't own the property and nix the loan.  

Both units are 4 bedrooms and 1 bath.