Frank is right based on my research but make sure you put in your initial contract to allow your buyer(s) to enter the property, inspect or examine, holding the seller harmless of anything that could occur.

They don't verify income, check tax returns or anything like that.

Many individuals initiate Living Trusts a type of trust known as Grantor Trusts.

Figure out the average monthly rent for that unit, take out 35-40% in expenses, then subtract out debt and that's your cash flow.Then calculate the total cash flow annually for that property and plug in your downpay cash in and initial rehab done if any and you will get your cash on cash roi. 

And yes, amend your offer showing the greater amount.But I doubt it will have much of an impact on the initial consideration of your offer, especially if you have financing contingencies.

I found out that the reason my bill was so high is because the broke-up the initial startup fee into two payments.

If it is honeybees, please have someone verify they are NOT Africanised.

Essentially since this is so highly leveraged you would have a much lower IRR that a more nomally leveraged property, and you could not calculate cash on cash at all since there is no initial cash investment.

The master tenant could/should initiate eviction proceedings herself if she really isn't being paid.

Thanks Karen M.How do you verify they are licensed, bonded and insured?