What does " . . and must treat the seller as a customer, . . " mean? 

We put $20,000 into and made it really nice.  

When things are good people tend to be fine with that but if things go wrong or difficult decisions need to be made on what happens with an investment you need to go back to your signed paperwork on options.   

It's a golden opportunity because my uncle is also willing to sell it to me for a small amount upfront, as long as I structure it properly so that he'll get the full value over time or gets made whole through the rental income once we have tenants in.

Overall from what I see it has depressed multi-family units on the small side (Duplexes and triplexes) and made it very attractive to invest in.

Obviously, my ROI looks much better if I use $70K for my basis than the $100K.The sample numbers are similar to a cash purchase I made recently.  

The notable exception would be if the "fix up" made the house an outlier in the area, then getting your money back will be more difficult.

Current property deed has two names (X and Y), however the mortgage note has only one name (X).And as per the title search report, Chain of Title1:When the property was purchased the deed has both X and Y names as joint tenants with the Right of Survivorship.Chain of Title2:Later a quit calm deed was made with Grantor( prior owner)  Y and Grantee (deed owner ) XChain of Title3:Again a bargain and sale deed was made the other way from above Grantor( prior owner) X and Grantee (deed owner ) YCurrent Title (vesting information):And one more time a Deed was made with both names (X and Y) on the deed as joint tenants with the Right of Survivorship.Now, as X is the only mortgage holder from the time of purchase, and bank is foreclosing the mortgage on X, will Y have any legal ownership to the property, if the property gets sold at sheriff sale.

Good Afternoon and Good Morning,My name is Quenton and I have recently made the move to The Woodlands/Houston, TX.

Hello everyone, I have recently moved out of Ohio and made my way to Florida.However, I am still trying to sell my home in Ohio.