It may seem wasteful, but price labor costs on an as-available basis vs. that inevitable middle of the night emergency mid-winter.

They didn’t have any evictions but did have some medical collections on their credit report.

Broken pipes, daughter in the emergency room, brother died, need a rest,  work too much.Then once the first job started to get old and the months past, the investor got angry and started to threaten Bob with action. so now Bob would have to actually perform. he would gather his guys, get some progress done, let you inspect it and reassure you "were back on track - but I need that next draw to finish - I have to pay the AC guy and that's gonna be $6000."

If it were me (in your shoes) I would probably buy a nice fully finished basement home (you coould afford without any help from tenants) close to hospitals, factories, etc (separate the two) and live in one half and rent out the other half to medical professionals, manufacturing coordinators, and other professionals who may need a year or so lease that will pay well.

If you really feel that the seller isn't getting the aid he deserves, or if he has food, shelter and health needs that are not being met, it's an emergency and they should be alerted.

There is nothing owed on the property and the person was just hoping to sell to help offset medical bills for the deceased at that time.  

There is nothing owed on the property and the person was just hoping to sell to help offset medical bills for the deceased at that time.  

If medicare/state medical is involved the deals these older folks get into will be viewed to the market as market value.

Well if the only bathroom in the property develops a problem, the tenants are correct in thinking it is an emergency (in my opinion).

@Chris Winterhalter Here's my tentative quote:Coverage A - Building(s) = $2.5mCoverage B - Business Personal Property = $10,000Coverage C - Loss of Income 12 months = Actual Loss SustainedCoverage L - Business Liability - Per Occurrence = $1,000,000Coverage L - Business Liability - Annual Aggregate = $2,000,000Coverage M - Medical Expenses = $5000.00-------------------Let me know your thoughts Chris.