Exactly, why Im here on BPSincerely,Jason

You haven't said exactly what you would be buying it for but I would jump on it and here's why.

If somebody sues the buyer, I want seller and tenant both stuck with the words in the Tenant Estoppel Letter, and not able to testify to anything different.The exact wording of the Tenant Estoppel Letter should be negotiated between buyer and seller as part of the Purchase Agreement negotiations.

And What other conditions/terms/costs do you calculate when underwriting the potential of a deal?

I'm just a bit confused as where exactly to start.

It's important to stay informed about developments in the areas you're considering, as well as any potential changes in regulations or economic conditions.

I'm in the same exact boat as you right now.

As of now, there are only about 1,150,000 existing homes for sale, far below the 1,390,000 we saw in September.So, what exactly is this “lock-in effect” everyone keeps talking about?

@Ericka Parrott exactly!

If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.