It is a CIVIL RIGHTS VIOLATION to even ATTEMPT to ask for paperwork, attempt to get any deposit or require ANY documentation to confirm the validity of any training or medical condition of the possible tenant. 

Should I only demand a percentage of total profit (like 10%) or would I simply lend the money to them?

The deal came through on a drip that I was getting from a local agent and I simply bid roughly 5% below asking and was able to negotiate a few concessions as well.

The deal came through on a drip that I was getting from a local agent and I simply bid roughly 5% below asking and was able to negotiate a few concessions as well.

Are you attempting to do an inspection of the property?

The market will affect someone who plans to buy Non-performing notes in attempts to try get it re-performing as opposed to the investor who purchases performing notes for passive income.

To echo the comments here, if in your personal name, good credit, and a healthy down payment, you should have fixed options rather than simply portfolio or ARM products. 

Read your contract; some say 'roof shall be free of leaks at time of closing', or something to that effect.However, regardless of what the contract says, the purchaser may always attempt to renegotiate price for whatever reason. 

Part of that negotiation will be for them to pay your broker, or simply lower the price enough for you to pay your broker directly.Some FSBO sellers have an allergic reaction to buyer brokers, in which case you may offer to work with directly, without having your broker between you and them.

Should I attempt a BRRR strategy or something similar?