A fixed amount for a property, based on the condition of the high dollar amount items and likelihood of failure.

Add the fact that the Property Code declares open season on the investor/seller whenever a tenant/buyer becomes disgruntled with an executory contract, and there are more reasons to avoid lease-purchases than there are to do them—especially since loss of an executory contract lawsuit could present an extinction event for a small investor.

There are certain items that have to be provided by law(in WA) once you are under contract and some are more useful than others.  

The first ones I can think of are the potential lack of equity to be able to recoup a loss in second position and the complexity of having a note that spans so many properties making it hard to pursue a foreclosure. 

Should I cut my losses and seek a team or a mentor?

I've been studying up on MFRE and SFR investing, analyzing deals I'm finding, and just want to get some feedback on a couple of items.

I asked him how much he owed, discussed the cost of hiring a real estate agent, the items potential buyers would ask him to coordinate/fix (cosmetic; floor, paint, cleaning) and the time it would take to sell.

Insurance looks right, but the way to determine that is to have your insurance agent (in NH) get a loss run report and quote you ahead of time. 

But to me, CapEx costs really have nothing to do with the gross rents, and have everything to do with the useful life of the big ticket items like roof, HVAC, appliances, etc. 

Of course bigger pockets has some great event items as well (we have one next Tuesday morning that is free with the owner of We Buy Ugly Houses in KC that is posted here).Happy Investing!