I hesitate to recommend anything that uses an on-site DVR as essentially that's a huge single point of failure if it gets stolen/destroyed and live backup cameras usually cost some $XX.00 per month PER camera and are suspect in reliability. 

This is why make me suspect at first place.

I suspect that's what's going on here.Earnest money should only go to a title company, not one of the parties involved in the transaction.

The paranoid side of me instantly becomes suspect.

Intent can change but the sooner it changes the more suspect the original intent is.

I suspect unless you have tenants proven to be in your past tax filings and have written lease agreement, that is the potential income projected not actual income.

I suspect if we hit a correction - many people will get burned and my deal rates, response rates, ROI will all improve. 

After the whole project I suspect I could spend anywhere from 40-50k ( a little closer to the 60K you speak of) Now, I live in San Diego and never really visited anywhere else so using google maps to "view" the area is a big shock to me.

I suspect if someone is considering the tax implications while fleshing out a deal, you are probably in better shape than most.

Thanks for the info on the market- we suspected as much.