The surveyor should be able to offer an opinion as to what happened.

Lay your cards on the table as to what type of property you are acquiring and what your plans are and they should educate you on the type of coverage they have to offer. 

I will start looking into different consulting jobs/contract positions to get an idea as to what I would like to get experienced with to offer my services up. 

However know with a bit guidance have much more to offer the market.

Additionally, most lenders require a certain percent of the down payment to be from your own funds, which this would not beHis best bet is to offer with it being contingent on the sale of his existing place and close the same day 

But I am excited at the possibility of exploring and learning and look forward to hear any pieces of advice you have to offer!

A rule of thumb is to offer around 60%-70% of the ARV first and work your way from up there.

I would tend to offer last month free rather than cash back today.My guess is the parent who is trying to get out of the contract got concerned because the property was inhabitable.

I’m assuming it’s not stated in your lease of your rights as a LL to take back possession in a certain amount of days so you would have to offer them a concession to move ASAP whether it be returning their deposit, paying their moving cost, finding them a comparable apt.... etc. 

I would like to offer the owner $3,000 to walk away from their headache, and flip the contract to a buy and holder, but I am wondering if the house is a good deal for a cash investor.