This clause just implies that their title deed may have not yet been recorded to reflect them as owner.

Assuming that the answer to the first and second questions are yes, how do you modify the 259,200 calculated purchase price to reflect that only four of the twelve rented units are reliably producing?

IF they are renewing you will hold onto their security deposit and that will reflect in the new lease agreement.Just be aware that tenant needs to be notified in writing where their security deposity is beig held and the interest rate it is earning....best regards,Chris

With chimneys, the bid for me reflects the access not necessarily the work.

She notes that their current policy for properties Fannie Mae owns (REO listings) reflects the same philosophy since Fannie Mae won’t evaluate offers until the listing has been in the MLS and “active” for at least three days.Under Fannie Mae and Freddie Mac’s rules, the short sale property must be listed in an MLS that covers its geographic area, and a printed copy of the property’s MLS listing must be kept on file.

We are hoping to give them a specific return for each transaction and formulate a contract to reflect this.

No, pretty sure you still need to talk to them about it.When I inherit a Tenant who still has months on their original Lease, I have given them my own Lease to sign, but it reflects the same end date as their current Lease and is pretty much the same anyway.

:)Even if the deal didn't go through, it's good to recap & reflect the different details of what happened.

All IRR reflects is the imputed return on a series of cash flows.Example on cash flows, first year is your down pmt, then each following year is your CFBT.  

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