@Andrew Postell thanks for the detailed reply.

FED is meant to deliver you possession, don't bog down the mission with a few extra dollars of fees. 

@Enyi Ajoku it’s very hard to asses what’s a fair split with out the details involved.How long will the job takeWill the contractor be doing the work himself or will he be subbing the workIt’s also important to know who decides the design questionswho decides how much to spend on material Who decides the exit startatergyThe more details discussed beforehand - the less trouble later

I understand the underwriting procedure and know that even if I can provide the nominal NOI and market CAP rate the buyer needs to go through a much more detailed analysis.

I'm a former CPA, so I track every line item in exhaustive detail and had a couple of good lessons learned. 

The listing states:Buyer will receive a Special Warranty Deed (SWD) or equivalent.All pictures, details or descriptions of any property, condition of title, value or otherwise is provided for informational purposes only and may not represent the true and current status of the property now or at the time of sale.Please contact the listing agent directly with questions or inquiries regarding this property.Xome Inc. companies are affiliates of the seller and/or servicer of this property, Nationstar Mortgage LLC d/b/a The title detail document has been prepared for informational purposes only.

thanks for the detailed answer joe.i think i have to add a few more details to make it more clear.- my plan is not to buy only cash going forward. working plan is in a year or two is have a credit score, get a mortgage etc' so from that point on i will not be putting 100% cash.- cash flow from the rent is my not my only income source. assume that no matter what i will be able to put money to buy a new rental at least every 2 years, taking the 12k+extra amount (whatever that my be)+loan (whatever down payment i decide to put)- regarding flipping - i don't mind the work involved in this process but as i am not living in the us, i find it hard to do flipping. at least not when starting out.  

I would be happy to discuss further if you want more detail than that.

Do any of these panels have any extra spaces in them?

Any opinions on what housing will look like 5 years down the road when all of these extra houses are standing?