I explained that they both won't be necessary.

It's free, and will explain other metrics you can use to evaluate properties.Also take a look at the Real Estate Deal and Analysis subforum to see how people analyze deals there.

He called me last night and explained he doesn't think it would be worth a legal battle with her for not much reward on the property.

Make sure you are honest with the seller and put it in writing and explain to the seller you are only interested in selling your contract not the property.Joe Gore

@John White,When you say double closed you need to explain that you will not be using the end buyer's funds to close the A to B transaction.Joe Gore

We gave each of them a welcome letter the day after closing that explained who we are and how to contact us (phone number and where to mail the rent).

Link below to a good video that explains this:http://www.biggerpockets.com/renewsblog/2013/06/14/50-percent-rule/

We have vacuumed and shampooed the carpets several times since the tenant/dog left 5-6 weeks ago.Pest control has explained that the remaining fleas are sterile and they aren't dying because they house is vacant.

It would require dealing with an unsophisticated second lender in reality, if one were honest in explaining risks, there would, with a reasonable person, probably need to be some omissions of facts to get that lender to lend, then not only do you have ethical issues but you could be crossing into fraudulently presenting the deal.

Seems like you guys squelched the free flow of information by deleting these posts  Care to explain?