Here’s the deal:Purchase price - $900,000Down Payment- $500,000Balanced financed by owner $400,000Terms 3 years interest only @ 6.5%Earnest Money $10,000Due Diligence 45 daysClosing on or before October 23, 2018My situation: NO capital to invest, bad credit.

- Is there any reason this may be a bad idea or anything I'm not thinking of? 

If nothing shows up bad, I wouldn't necessarily not take the full year.

Bad news-its not close to B. 

The first thing I said to my friend is that it doesn't sound like too bad of an idea but of course get a title search. 

I would say this particular street may not be as bad as some of the others deeper into the neighborhood since Brookdale is close to the main highway which is American Way.

Something as small as bad lighting can turn buyers away.

.  ;-) If you can give insight if this is a bad idea or if I can  I put realestate in a different way without making any fraudulent mistakes realestate is all I think of every day 

Do they feel bad about not paying market rent for the last year?

That can mean original plumbing that needs replacing, rubble foundations that are leaking water every time it rains, bad windows, 40 year old furnace, etc.