Many HELOC or second mortgages are fixed interest rates and depending on the loan amount, even offer 100% online and no appraisal requirement for issuance.

This amount includes utilities, taxes, insurance, repairs (8% of rents), vacancy (8% of rents), and capex (5% of rents).Link to the Redfin listing: https://www.redfin.com/ME/Augusta/39-Oak-St-04330/home/99940...

@Joseph CrawfordThe FHA and VA loans offer a lucrative field in real estate investing.

---You could offer to let them out of the lease---Refund the cost of the test---Spend up to $x to address the issueYou should explore the consequences/expectations before agreeing to anything else.Second, allow them to get a test done by an inspector you approve. 

Unlike traditional mortgages, however, tax and insurance payments generally are not rolled into monthly debt service, and the buyer must make them directly.At the end of the loan term, the buyer either makes the balloon payment or obtains a mortgage refinance and pays off the sellers with the proceeds of a new loan.

Under this method you make your one and only offer; no negotiation, if it’s not accepted you walk away.When I started in real estate investing a couple of hundred years ago, I was a proponent of the first method.  

The custom builders in the area are very competitive and are offering pretty inexpensive builds vs comps.If the lot was purchased recently for 20K and the turn-key cost to build is $200K, after I close on the house (bank said appraised value would be 220K), would a new buyer have problems with it getting appraised over $220K even with other comps selling for 300K+?

Have couple of offers to buy, one is convenience store and the other is storage company.

I was told by the tenant she’d offer up a good deal to get rid of it.  

Volume property discounts were rare for us to offer, even with clients with hundreds of properties.