My main concern is not being able to cashflow the property using the LTR route.   

The current owner is usually not be very inclined to give the news to the tenant out of concern that the deal does not close and they have to deal with the vacancy.

That was our concern with including it. 

I had similar concerns as a noob 16 years ago, what if I can't find a renter.

They are people and have needs/concerns too.

The only concern we run into is occasional foundation issues near the river, towards the south east side of town.

Thanks, and that is what I’m so concerned about, is issuing 1099’s (either myself or CPA) in error and really causing a mess for the person receiving them.

A purchase agreement is a waste of time and energy and complicates the issue for Harry Homeowner.This is not a beginner strategy as there are federal laws concerning approaching debtors who have been given a notice of foreclosure.

Hmmmmmmmm but no concern on count down to get far away from this unlovely, and un- cared for place.

I think this is what I was inadvertently concerned about (super newbie).