I bet Jeff didn't it through before posting this question. :-)

I state in the lease that damage from smoking can cost thousands of dollars (replacement of flooring, curtains, blinds, re-painting etc.) and that they are on the hook for paying for it if they lie about their habits and smoke inside.

RE is supposed to be confidential, don't bet on that!

What he said to us is that yes, it would be our best bet to purchase the house from them or at Foreclosure.

your best bet is to find motivated sellers who aren't going to ask to see credit, etc.

I bet you miss it like crazy, Bryan!

In fact, I haven't heard of anyone being able to do a simultaneous close in several years.If you're looking to wholesale REOs, your best bet is to do a double close or to purchase in an LLC or trust and then sell your interest in the entity.

.- I'd be willing to bet that your rehab estimate is way off.

Also since they broke it on move in if they would like it then they can pay to have it installed, I bet they're ok with the non locking one then.

I'd be willing to bet that the contract says that it's conditional on written lender approval, and unless I'm missing something, the lender never gave written approval for any price less than $180K.You seem to be confusing your agreement with the seller with approval from the lender.