Or I will give them 4k for it as is.. ( this one was in fine shape) we settle at 6k they took 44k hair cut. )

Unless it is a FHA loan or VA loan, it will not be assumable and a "subject to" purchase will trigger the due on sale clause of the mortgage. 

That seems to be the amount that triggers something where financial institutions have to pay attention.

It could be fewer people have the sophistication, and unless paid for, the deal may have some hair on it (some folks post on the subject to and wraps and such on BP).I did enjoy Jay P.

The plaster turned out to be of the old variety (with horse hair) and simply cracking off and peeling of the lath.

I've strongly considered TK SFH to expand my investment "footprint", but haven't pulled the trigger yet as I have been seriously looking at smaller MFH opportunities (which haven't been good deals, BTW).

I am able to find a lot of great deals, just haven't pulled the trigger on any of them.  

Actually, it wasn't a cash advance (or maybe it was and I'm splitting hairs on terms?)

That is what a buy-sell agreement attempts to circumvent, there are business and life occurrences that trigger state laws, such as death or bankruptcy.  

If you do end up pulling the trigger on this one, the silver lining is that you will learn a TON about the rehab process because you are going to encounter a lot of things you didn't plan on.