I'd probably need a more specific question, just because you mentioned a lot of things in the post, and I wouldn't know where to start without having to write paragraphs and paragraphs.

A lot of borrowers only see the rate LOL.

You've already gone above and beyond, but it seems you just dig up more problems.When you run a credit/criminal background, the credit report should list the applicant's current and previous addresses.

My rule of thumb when it comes to this is get someone out there (3-4 contractors) and get them to bid the job then the more you do that you can quote off the top of your head when you see a project.

Hey BP, I'd like to learn more about a purchase structure I don't hear about often: just a straightup option to purchase or purchase option agreement (NOT a lease option). 

@Cody M.I would add a Phase I Environmental Site Assessment as a contingency to any offers on properties more susceptible to environmental issues (dry cleaners, gas stations, auto repair garages, etc.)

I know there is a lot of regulation surrounding their listings. 

It sounds like you've put a lot of work into this renovation.First, let's break down your options:### Selling the Property- You've estimated a potential profit of $58k, which is a significant return on your investment.- Selling now would give you immediate cash to reinvest or use for other purposes.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable

Do you know how to read the credit/criminal background?

Im hoping to learn a lot from all the wonderful people on here.