Seemed like they had done their due diligence.  

Thanks,My guess is that some newer investors find hiring contractors to be a daunting task (which it most certainly as for newbie investors) and they think that by partnering with a contractor, it relieves them of the responsibility of having to do their due diligence, put together a scope of work, put together a budget, etc.The problem with that reasoning is that they aren't relieving themselves of the responsibility -- they are just transferring it to someone who probably isn't any better at than they are, and are locking themselves into a relationship that would be a lot more difficult to extract themselves from than just firing a contractor.Plus, investors tend to make less money this way.In other words, partnering with a contractor is most often a lose/lose situation for an investor.

As long as the property checks out, meets all your requirements & you have done your due diligence, it sounds like it has potential as a deal for you.  

Download BP’s newest book here some good due diligence in Chapter 10.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

Learn to find them locally first, that will help you with due diligence if you must search to buy one 800 miles away. :)

Download BP’s newest book here some good due diligence in Chapter 10.

Professional, diligent and no-nonsense.

Download BP’s newest book here some good due diligence in Chapter 10.

Ditto with all other due diligence expenses that are not paid as a line item on the HUD-1, but prior to closing.