Because out our way at least on the left coast 99% of all listings sell at list price ..

However, it's essential to ensure that the property's condition aligns with your investment goals and that you have a clear plan for any necessary renovations.Fix & Flip :Freddie Mac properties can also be suitable for fix-and-flip investments.

Check on ownership status before you get into escrow.Get multiple inspections to be able to really determine the extent of repairs.Try to align yourself with the best contractors, had good referrals, but somehow nobody stood behind their warranties.Have a good lawyer and local accounting firm.Talk to locals to see how things are done and what's happening around you.Have patience!

Stick to a budget, align with local trends, and consider DIY projects to maximize your ROI.Good luck!

Quote from @Josiah Horn: Just because a tenant tells you they've left doesn't mean they are off the lease or released from responsibility.Give notice of termination.

I advertise the houses that way, even if there's an appliance or two that the previous owner has left in them and I don't mention them so that the people coming aren't (or shouldn't be) expecting to find them. 

I have just over $200K left of owner-financing, but I'd like to obtain a cash-out mortgage/loan of $500K (ideally) to be able to pay off the previous owner and make some repairs, etc. 

But after getting to a certain point in the process (keep in mind I haven't closed yet) I am left feeling extremely nervous with what the future holds on this property as far as some things go.

Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I’ve found that I really can’t break it and I have 8 months left on it.

It's a good practice to provide notice in writing, and to indicate the time that you left the unit when you are finished.