Were also moving to the Denver area from California ideally by the end of this quarter, and the CA home will be sold and used for the new home.Here's the dilemma.After the house in CA is sold, we figure we will walk with a minimum of 800k with a more realistic number around 900k.

Yessir I agree i ended up finding my own inspection person to help walk me thru properties so I can gain knowledge very good investment precision is key I try to be as transparent up front when sending out my contracts to cash buyers with my format also I get pictures on all the properties to show how distressed they are so I don’t waste the investors time or mine I like to help people out and I want both parties to receive what they deserveAnother reason why I need help with building a bigger and consistent cash buyers list so I can see what cash buyers like and what numbers work for them.

That means that after 20 days if the underwriter finds something unexpected and denies your application, you would be free to walk out of the contract with all your deposits refunded.

Just curious if a super low offer would be enough to get the owner to walk away from the lot. 

A walk through is paramount to make that determination. 

I walked in, saw the major mess, took in the horrific smell and thought "that's the smell of profit".

Income could drop to nothing quickly and the bank wants to be able to foreclose, resell the asset and walk away without loosing money. 

Getting started with a lender and agent is probably the logical next step, however, walking into a MFH property and seeing it, talking with tenants, digging through the details of a property makes it real. 

Glad you didn't walk away from the deal because of the back-due rent. 

Like I said, I don't know if a judge is going to let you walk out of a contract for such an insignificant issue.