I was thinking of putting a tiny house in the back and doing a month to month lease since it has a good amount of land.

Hello BP,Under contract on a SFH (1987) that is built atop a downward slope and it has visible foundation cracks along the rear of the foundation (see attached pictures).

Out of state investing is a tough nut to crack.

The bathtub has stress cracks and we're worried about the potential water damage.

Purchase price: $4,000 Cash invested: $15,000 Tiny home on wheels that has been placed on 25 acres of woods with trails.

I am building a tiny home on wheels with the help of a licensed general contractor and sub contractors for plumbing and electrical.

Tough nut to crack here.

I imagine that this is not an attractive property to too many investors and would need work done on a $1M property - I believe an inspection would uncover a lot of risk, especially on foundation issues being on a fault line too (cracks in walls and all over).The easy approach I am thinking would be to just share with him that I think we are too far apart in pricing and see if he opens up the door to negotiations.There are some value add opportunities to improve the property if it was to be sold in the future, and to increase rent upstairs the bathroom could be redone, dishwasher put upstairs, and perhaps a washer-dryer stand up unit (instead of sharing our machines).Let me know what other questions I can answer - trying to think through this methodically because I like the deal but the price is ridiculous - this would sell well between $700-800 I believe.

Apartment needs some renovation to add flooring, ceiling, and interior walls to make a bedroom, closet, etc, in order to list on STR sites, and to separate it from the rest of the house, but it should not be a big or expensive deal to do this.Additionally, the lot is big enough to place a tiny house, or add RV rental storage parking area... maybe even another house.K & B had originally planned to add a second home for their daughter, but then she got married and both parents & newlyweds decided to build new houses. 

Since purchasing this land, we have added a tiny home that will be utilized as an Airbnb in the near future.