ACT when they go to sell, or takes the property under contract without telling the seller he is not the final buyer and then assigning the SubTo property to someone else for a fee. 

The property ended up being his book keeper's home that she had rented out and was needing to sell.

I checked the actual numbers this morning before responding to this message.

There are the obvious pros/cons of a duplex but then there are the non-obvious ones that come with being in Detroit.I actually have a fantastic article about this I can share but I'm unable to link to it in this post.

I guess the one that makes the most sense is "Reject", but that seems weird because they might have actually passed screening.

The problem is that it is not that easy to find properties that are priced right. 

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

Since you already have an offer, it’s not really about whether the property will sit for six months, it’s about whether keeping it makes financial sense.

Property manager is generally around 10% as well. 

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money.