Is the appraisal good, there is a difference between an appraisal being compliant with acceptable methods of analysis and being a good picture of the collateral valuation.

Whether a person comes to the table with cash or with a loan really makes no difference in the end - there is still a closing.One big question is will the VA loan be finalized before you need to fulfill your end of the contract?

In fact, I've found that most apartment complexes I've researched aren't even on Zillow.See this blog post for more detailed info: http://www.biggerpockets.com/renewsblog/2010/06/30/introduction-to-real-estate-analysis-investing/

Finally, I would like some advice on preventing this in the future( obviously better tenants would help) but up to this point they were fine.any advice would be helpful guys!

I was uneasy about it and finally backed out.

What has seemed like such a distant idea has finally come together.

I finally closed on this house in early July. 1 month later, I got another house which we are currently remodeling.

The Final Title Policy will be included (should be) in the paperwork when it is purchased.

It just sounds to me like he's looking to finance his improvement of the property.The bank isn't just going to figure the final value, hand over 80% of that, and hope for the best.

I usually just look at the final price (after repair value) and subtract out the repair work, holding costs, closing costs, and my profit.