If you don't follow it or return the vehicle in poor condition that is what the security deposit or credit card for incidentals are for. 

I am fairly confident I can rent this out on AirBnb for around $120/night on weekends during warm months and $80/night midweek and get a fairly decent income from it - I'd estimate conservatively being able to net $1,500/month on average from May - September and $800/month October through April (would love to find monthly tenants, but acknowledge that won't be at 100% capacity during off months).I put in an offer for $40k, which is what I feel like the house is worth in its condition and location - there are a lot of houses in similar condition but with more square footage (this guy is just 650 sq ft) that have sold in the $20k-60k range in the last year.

Get specific on what you are seeking and go after it, on the market, neighborhood, property type, condition, etc.

Especially when there is a long delay between inspection and close.You will need to look at your PA but it may say something like the seller is responsible to keep the property in similar condition as it was when you inspected it. 

If it's in bad condition they could be low.

Leave by X date for X money with the home in broom clean condition. 

With that said, it is hard to capitalize on a 2-4 unit with current market conditions.  

The bank appraiser will take a number of things into consideration such as:* Sale prices of similar properties* Income the property brings in * Other details like condition, sq footage and etc.

They should be able to tell you target markets of renters, local market conditions of purchasers/sellers....who is paying for what closing costs, etc.#6 Not having an agent on your side typically does not save the seller any money....just means her agent gets probably double. 

We then asked for concessions and seller financing given appraisal fell short from what was expected due to the condition of one of the properties (the 8 unit) How did you finance this deal?