The buyer might buck, but considering he has a bird in the hand, I doubt it. 

However, I made the argument to listing agent that they should want to spend the money at the very least to simply drain the basement water out since it's still an asset that is slowly deteriorating and losing value every day that the water sits there and investors/buyers will not want to take a risk on a property with a question mark like that.

List price: $155k  Zestimate: $160k Rental Estimates: $1000-1200Offer Strategy 1: Subject To (depending on what I find out about underlying debt, payment and willingness to keep mortgage in their name)Offer Strategy 2: Lease Option (with right to sublet)Offer Strategy 3: Wrap Mortgage (then after seasoning connect them with a note purchaser if the wrap could be setup in a marketable way where this works for the seller and note buyer)Thoughts?

Called FM the next day, they referred me to the realtor, who said he was just doing what FM told him, and that it would be re-listed as a general property, open to all buyers, later.It was only 8 days into the First Look listing.  

Biggest concerns with condos: Make sure they allow rentals if that is one of your goals, check on the availability of bank financing (FHA, VA, conventional) as that affects your buyer pool, Get a feel for how the HOA operates.

Vet your prospective tenants more carefully!

I have been reading previous posts to see what end buyers (investors) do/don't like when it comes to ARV & estimates.

We just put our first property for rent: 2,800 sq ft, 3 bedrooms, 2 bathrooms, fenced yard, quiet neighbor in Smithfield, NC. We closed on 9/5, renovations are almost done, and we are eager to generate revenue. The pr...

I found a property and got a buyer but I have the property under contract and I wants to sell the property or contract to the buyer but she has a mortgage to purchase the how do I get paid by that at closing or can someone run me through that process

It's a sought after park and I don't think finding a buyer is going to be an issue.