This means that before a potential buyer is allowed to enter negotiations, and certainly before sensitive financial information is released, the seller and or his agent will want to be convinced that the buyer has the ability and willingness to complete a purchase.  

Being a commissioned sales person myself, I understand there is a certain amount of time that you must invest in someone to build the relationship before you can really claim them as a client and claim ownership of that person amongst my peers at my store.

This means that they have the resources and means to complete the repairs and they are experienced enough to determine rehab cost without hundreds other people being involved.

He is completely redoing 3 of the 4 units, and I may be able to talk him into redoing the fourth before closing.

The other two need a complete remodel.Can anyone help me analyze this property to see if it's worth it?

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

So, basically, don't put the onus on others to be completely trustworthy when their whole world has started to crash and burn - do your own research on the status of the property and here's hoping that you'll be able to help your contact out..  

Why would you pay that loan off completely and start over when you can leverage leftover money you save each month and purchase more real estate?  

If the application meets your initial criteria then you could send them the SmartMove link to complete the background/credit check.

We completed a deal earlier this year, purchasing a property in Cocoa, FL for $65k and sold it 4 months later for $102k and made an 18+% ROI.