Here were the keys:  1) Got tenant to agree the damage was due to his negligence and he signed a statement to that effect.  2) Got him to sign a Promissory Note (found it online for Oklahoma and simply copied/pasted) saying he would pay the full balance due by minimum of $200 payment per month due same date as normal rent. 

I got a good enough deal on it that even with a normal eviction factored in I thought it was still worth it. 

Slight foundation issues, which is normal for the area.

In my area there are regular markets that will consider the Renovation Builders Risk but the Vacant policy normally is placed through the Excess (surplus lines) market.   

We may be able to negotiate some of these in offer price but trying to see how do we normally estimate the high-level repair cost e.g. 

@Ian VerzoniThere are normally two ways for more than 1 person to own an as asset(Real estate)1.

This is not the case in Spain, at least not next to the normal big listing platforms like Idealista. 

The market is so hot that the numbers normally don't make sense.

@AJ PanjaviWhat a prior buyer paid for a house is normally irrelevant information.Also, how do you know that there was no value add done?

The loan closed, but the buyer will never use them again, I will never advise a client to use them again (they were advised  not to use them this time...but sometimes clients are adamant and very loyal - which for normal banking, Navy Fed is awesome).