He doesn't want to use a lawyer and our court system requires the home owner or his/her lawyer to appear in court.Now the landlord has dropped the price for me to purchase both homes and evict the tenants after the deals are closed.  

I certainly don't want to be paying those holding costs.I guess the exit strategy of selling the property is only as good as the temperature of the market.A friend of mine just sold his grandparents house in the same town.

Most agents (at least the good ones) are always busy and usually you aren't a reason for them to drop what they are doing and come close a deal right away.

If you drop capex to 5%, that means you are putting aside $450/year ($750 x 12 x .05) for it.

Drop me a line. 

The insurance company told me that if I claimed it, they would drop me because they didn't know it was still vacant and that they wouldn't pay the claim.  

I've built a spreadsheet that I can drop info into so in five minutes I have a comparison.

Case was dropped once the attorney realized I didn't have Liability Insurance, and loans on the property.  

@Aaron Frances - I would not do the FHA - The PMI does not drop off and you would have to refi again to get it off.  

All I do is write up a contract with the seller, I put down $3K-$5K earnest money and send it off to the title company I then call up my buyer he drops by looks at the house and we sign an assignment agreement and then I send that to the title company and that is it.