If the repairs being done by the contractor are due to inspection items uncovered during due diligence and a condition of purchase was to have the units fully rented, I do g see the issue by seller performing.  

You could be what we call in this industry a "bird dog" for the mentor.

@Bhekizwe M. yes they are sent in a series - an initial, a follow up, one that is more urgent, etc...multiple touches to the same owners. 

Hi guys and gals!I need your tactical advice on what to do here...We have a commercial property that we have locked up for $3.35 million.We are looking to assign to a new buyer for $3.5 million.We have a buyer for thi...

Guard your cash like a rabid dog.

Here's what I have on this....Purchase price = $20,000  (it's a 3/1, and one half of a duplex)Repair/closing/holding costs = $46,500 (it's also a dog, though has great bones, no foundation issues, and no "major" structural problems, just needs everything)ARV = $80,000 (maybe closer to 90k, trying to be conservative with all numbers)Rent = $1,100Vacancy = 8%CapEx = 5% (since most all work will be completed)Repairs = 5%Ins = $55/mo.Mgmt Fee = 10% (to pay myself)Property taxes are currently $125/yr., though will increase in year two to aprox. $750/yrThis is by far the worst property on a great street, probably a "B" area with many young families who are buying properties in the area. 

So 6 people in a small 750 sqft 2 bedroom apt (plus a large companion dog).  

I could find nothing wrong with the house other than the atrocious smell of cat/dog urine, and staining of the hardwood floors.

You're essentially their bird dog, agent, and contractor all rolled into one, and you just paid THEM for the privilege.  

HAve worked with bird dogs in the past.