It still might be a tight deal and a hard sell but on the up side the repair cost might be lower than you think if all the demo is already done.

It is a tight deal but I'm wondering if I can pull it off.

If the numbers are correct it could work as a rehab and flip but it is pretty tight. 

The profit margin is pretty tight on this one, especially when you add some of the expenses mentioned by posters above.

/assessments) = +187.50 added to qualifying incomeThe problem is when you buy a rental that is so tight on income, using the formula above your net qualifying income becomes "negative," or a liability counted against your income or AKA a liability you now have to qualify for.

Your landlord/tenant laws should explain what is required of you, likely some itemized list of the extra charges you'll incur as a result of the cancellation and daily rent rate for how long it is vacant, and there's likely a deadline, like 30 to 45 days, for you to send it and the refund back to the tenant.  

If  you don't need the cash right now then sit tight. 

I know that sometimes rentals can be real tight space and for the right situation this may be an option.There is a recess behind the sink to allow the sink depth and room for drain pipes. 

Investing in great areas with smaller returns but also low expenses due to tight management and being in a highly desired area.

I don't ask questions much until I have either exhausted my research efforts, or am on the fence with a decision and have come up to a deadline requiring me to pull the trigger.And my "Occupation" is not "Homeowner."