I was under the impression this was a routine practice and had been occurring for a while.

I am not 100% sure why that didn't work out, but you have to remember that in this market, people have many options as far as houses go, and most people don't want to deal with fixers.

If the investor is on the up and up they will back out of the deal and allow you to buy directly from the seller if they are unable to work out a wholesale price.

That way, if he doesn't work out, I can end it pretty simply.Thanks for reminding me that it's OK to go with your gut once in awhile.

That notice would have been a 5 day remedy or quit, it would have detailed the lease violations, which beyond quite enjoyment, would have detailed his refusal to let your landscaper perform routine maintenance and his behavior that required the police to be called.

An education can always be your contingency plan in case things doing workout with your real estate goals.

I'm evaluating a deal that on paper looks fantastic.The numbers all work out, the property is in a great location, the price is incredible etc. etc.The thing is I have this nagging feeling that I'm missing something, the "this is to good to be true" feeling.

Rather it assumes you'll have some nominal vacancy like a couple of weeks or a month for a turn over, a nominal amount of routine maintenance (which is mostly caused by tenants, not the property, so being rehabbed doesn't translate into no maintenance), property management (which you can earn back if you do it yourself, but which you will earn), etc.

Better just be straight with the tenant and see what you can work out, or seek advice locally.

SOmeone on a fixed income that relies on assistance can't reallt chance lossing the food on the table to venture off and start a business or earn an income and find that it didn't work out, having to start all over agian and being cut off in the process.