Does anyone know if OneWest Bank counter-offers include an inspection contingency?

Frank is right based on my research but make sure you put in your initial contract to allow your buyer(s) to enter the property, inspect or examine, holding the seller harmless of anything that could occur.

He might be listing higher than what he'll get, but it's a numbers game and he may come out ahead if a certain number of the props sell closer to asking.

That's about $100K for the entire property.I'd want careful inspections and multiple estimates on the rehab work.

Ask a friendly mortgage broker to provide a GFE (good faith estimate) or a fees work sheet so that you get a closer range.

If they try to list it, it will need to pass inspection, deal with negotations, etc...

And you generally want them to be within .5 - 1 miles, where the closer the better.My recommendation is to find a good real estate agent who can help you determine ARV when you're looking at properties.

I also paid $100 for an occupancy inspection to be done this Thursday.

We made sure our property manager has no problem with us coming down to inspect and fix what we can, so we just took a weekend, drove down, inspected and fixed a lot of minor problems that tenants just don't report, like the seam in the vinyl floor starting to separate, outside column & door frame needing sanding & paint before rot sets in, etc.

Sounds like you were remiss in not increasing the rents over time to stay closer to market rent.