My questions is do I submit a an offer planning to pay all the fines myself (much lower than the current asking price) or do I submit an offer contingent upon Fannie Mae paying the fines current so that I'm only responsible to pay the ongoing fines until the work is completed with the proper permits. 

End Time: 9:30 PM    Registration Deadline: 08/20/2015   Meet Time: 6:30 PMEvent Leader JC Underwood PHPEvent Cost This event requires payment at the event.Pricing Option  Name           Price                                  DeadlineNon-Member                       $15.00                               08/20/2015Member                               Free                                   08/20/2015LocationEvent Location:Crowne Plaza Charlotte Executive Park (formerly Mariott)Address:5700 Westpark Drive , Charlotte , NC 28217Directions:I77 exit 5, Tyvola Rd

If not one of these, what loan execution were you thinking of using?

In the beginning you might be cheaper but will have growing pains as you expand and will not be able to scale and maintain that little profit margin model.Personally I think many buyers overpay for investment properties and then blame the PM when they did not properly account for that expense going in.

 @Eric Fernwood:I definitely agree, this sounds like it require a proper cpa/lawyer opinion.

Over the past two years the city has been executing this revitalization plan and the neighborhood is improving. 

Sounds fishy and sounds like they don't have proper documentation for what you are claiming.

I have seen a few rookie investors hiring people that say they have experience and the next thing you know, they paid for a roof that now needs to be removed and replaced because it wasn't installed properly.

That leaves:1) Taxes: is the property properly assessed? 

As soon as they officially retire the HUD-1 and everything kicks in, no one but alternative finding is doing 30 day closings.Third, you can't execute a lease to a property you don't own or have a specific interest in; although a contract for purchase gives you constructive interest in the property, it's not the kind you can use to execute a lease.It also sounds like there's a lot of confusion over the process here based on some of her stuff said; this is where an agent can be helpful.