That makes a ton of sense the idea definitely sounded simple but definitely has many different factors that go into it.

He has other cash flowing properties and lives a frugal lifestyle so he does not seem too concerned about replacing the income from this property or have much plan for the proceeds of this sale.

Another factor is whether the loan is recourse or not.4. 

To me, this is the most critical factor in your decision on whether or not to invest in multifamily syndications.

If your price comes out to $40k with you doing only some painting and landscaping that is great, but did you factor in some construction reserves in case you hit other problems? 

The relevant factor to them was that we don't plan on messing with the tenant. 

If you look at how many points you get for buying an airplane ticket versus 3% cash back, the cash holds stronger value.Another factor here is annual fees.

Was it a result of some risk-factor they discovered during underwriting, or was it a straight up bait-and-switch?

Just be sure to factor in the 1% PMI in your numbers, as this exists for the lifetime of the FHA loanHappy investing!

@Joe Villeneuve, when we purchased the property, we didn't even consider factoring the state of the roof into our negotiations.