I always like to show a pre-approval letter on the first page of the offer, noting a full price offer, then on one of the final disclosures, I propose the seller to provide 3% back towards closing.

He also said that after repairs, he would be able to rent the properties for $1200-$1400 but I think that the area is not the right place to be charging that much because they are the nicest on the block. 

Its definitely a bit complex when it comes to varying neighborhoods and blocks but if you're ever interested don't hesitate to shoot me a message.

You can also instal inexpensive security cameras (no audio) from companies like Arlo, SimpliSafe, or ADT.Third, is we we lovingly call the "Drug Letter".

It might be a good idea to have your lease forbid blocking windows with foil, or other opaque items other than curtains or commercially available window blinds (that are not flags or political).Drug dealers, and fake drug dealers tend to block windows so no light can get in, and no Police Officers can see in.As far as flags it's not a proper venue for National flags, and gives you leverage in case someone decides to hang flags offensive to some (such as public display of WWII Axis flags, or socio/political flags) that might be detrimental to your rental business.Good Luck!

Complete and sign the Gift Letter form.2.

Why I’m asking is because this property is listed about $220k below a house around the block that is a larger lot that has two bungalows on it.

my advice is start without the systems.....I started with code violations list (free).....then wrote yellow letters by hand (like $5 with envelopes from walmart).....then i had to trust the process......i started from the ground up now i can appreciate the systems etc

But a bit of advice if I may, nothing replaces the personal attention that’s needed to gain the confidence of someone to sign your offer letter.

You can certainly ask for mortgage application document in that case, did the buyer provide pre-approval letter when submitting offer?