The 60 day game sounds dangerous to me, too much can go wrong, and 60 days isn't much time.Since we don't know the purchase price... going for a loan depends... if you need 25% down to do a new investment loan, and the property is over 100K, then give the seller 25K and take over payments (25% of 100,001 >25,000).

I knew it wasn't going to be fun and it was dangerous but it paid well.

Can you please share the list of aggressive breeds you have and any pet addendum documentation.RegardsYavorSome ideas to consider for a pet addendum can be found in this next thread:https://www.biggerpockets.com/forums/52/topics/772...This next thread shows that the list of dangerous breeds varies by insurer:https://www.biggerpockets.com/forums/52/topics/157...

@Rick Richards, My opinion, after 40 years of successful real estate investing, is that 50% of all real estate guru courses are worthless, 45% are dangerous, and the other 5% vary from being marginally productive to very productive. 

@Everett StonebrakerYou have a prime example of the dangers, and general inutility, of CAP rates.We are in the same frame-of-mind as @J Scott  on including improvements (at purchase, before being put into service) and closing as the true cost of acquisition.  

Dangerous circumstances and the conditions, which caused said circumstances will be corrected at the Seller's expense before title transfers.

Obviously the closer the 2 numbers the more dangerous the switch. 

Might not be the best area, but I wouldn't consider it dangerous...You looking on the MLS for deals?

One day someone will have to deal with it and there is a danger it will get so run down that it ruins the whole street.

Turn left to explore and see if the home building explosion continues.