Tons of info on here but it is not in a straight line so kind of hard to piece togethere when you are not sure what all to look for.ThanksScott

The term seems pretty straight forward to me.

Bought straight off the MLS and the listing agent suggested the seller would be willing to provide it.

Straight financing3.

I got fed up with it and finally told them, alright, I'll just send the person straight to you and you can negotiate your own deal however you like it.

But, that is unusual, the initial meeting of a seller, the circumstances, the price asked from a motivated seller and the property condition being good....but it happens, I just can't see a viable business plan built around such a deal.The mechanics can be just about any transaction, double close, straight purchase, flip an option or installment contract.I don't think any of mine originated from the MLS, they were from other business activities, distressed sellers who came to me, banks and contractors/investors who were stuck basically.

I don't want to to a straight rental and even if I did who would want to rent it without the repairs being done first?

It is more serious when they run straight through the block or brick.

As for your money, not being an attorney it's extremely hard to say, but considering you've got written admission of fault, it sounds pretty straight forward - only a question of whether it's worth your time to pursue financially and time-wise (if it ends up costing you $800-1,500 in legal fees and three weeks of your time, for instance I'd say no).Of course this is only if you end up pulling out because there was no inspection possible or you ended up finding something you don't want to live with during that inspection.As a side note, the fact that he still doesn't have the code may be a warning sign that all is now well with the seller side as well - no one can be that incompetent (although, with all you've described there may be an exception here ;))- just make sure you get that inspection done, because it's starting to sound like there might be something they're trying to hide from you.

Carftsmanship can be learned but it is also an art, some have it and others can't cut a straight line.