I haven't tried it yet as I'm thinking through the best way to "bake it in" to my pricing other than their recommendation which is to "raise my rates".  

Buyers seem much more aware of flood risks now, however, and they are passing on his property even though he's baking the flood risk into the price. 

@Brian Stennett Sr adding square footage, adding a second bath, kitchen reno, bath reno, fresh paint.

I want goats and chickens that will provide fresh eggs, meat and milk.

I would issue a notice of termination (in accordance with your local L/T laws) the day after the closing and start fresh with your own screened tenant.Otherwise, you're setting yourself up to be very frustrated, I'm afraid.

The commission is just 'baked in'.Sounds like this guy is a real di*khead.   

I mean I am turnkey I was the number 24 new home builder out of the top 30 in the Portland market.. and all of are product are TURNkey I suspect  they are brand new homes.. just like the buys I fund here in the PDX metro area they are flippers.. they just NEVER sell to investors its all home owners.. and homeowners want fresh new modern rehab.. so investors same thing they want fresh new rehabbed rentals.. and if you can bring the management component that helps them.. but I bet Memphis has their share of flippers that sell to home owners.. they are turn key in a sense..

The stock market was still in the toilet and the losses I and everyone else had suffered were still very fresh in my mind.

A freshly remodeled home haha.

The vision of a freshly updated home is so seductive, it's easy to forget that the project will most likely come with aggravating delays and unexpected issues.