Selling Costs Agent fees should be at 5.5%-6%.Closing costs 1.5%-2% of the sales priceAlso for a $1M home, I would budget for special marketing and staging. 

Sound familiar???

If I am in the ballpark in my calculations here, it sounds like it would make a lot of sense for me to sell

They sound great and get you enthused, but offer nothing of substance that you can practically apply to get paid. 

Sounds like you found a great deal, and I agree with you that the appreciation should continue with building of the new federal courthouse and also Harrisburg University is supposed to be building a $100M building downtown, which I think that economic force will trickle into the Midtown area as well.Let me know if you have any questions, I'd be happy to help!

In addition to Matt's sound business practice of fixing the home, most states which includes mine GA, tenant law says; landlord may not contracturally transfer responsibiltity of maintenance to the tenant, its always the responsibility of the landlord.....   

@Koob Moua your contract sounds contradictory so you can try, but if they refuse you really dont have anything to stand on.

Sounds like a complicated situation but I can't see how letting the house go into foreclosure is going to make it better. 

It sounds like you could really benefit from talking with some folks in your local market who have done these types of deals before.

Sounds good.