Closing costs include a wide range of items such as an appraisal fee, survey fee, attorney fees, title search fee, escrow fee, mortgage insurance depending on the loan, HOA fees, title insurance, property tax, recording fee, etc. 

It's also more difficult to evict them.Here's some other helpful previous posts info:Please review the list of items below regarding each unit and confirm what is available and if it can bedelivered by mail, scan & email, fax or pickup: For each occupied unit: current lease, move-in checklist, etc.

All of these carry questions of timing, notice, valuation, wind up and more. 

There may be area vendors offering pick up of items etc. 

Checking mechanicals being the most important item.

But you do not have to carry equivalent debt. 

Face to face is always best and the Covid thing is not a hindrance to doing business in person......I would carry on as usual and keep the Zoom stuff for backup....

There is also some reminders to watch for Lowes and Home Depot sales on big ticket items I know I will need for the next rehab.

This is where your agent should come in and guide you through all these items and confirm a lot of stuff that was asked about and they should be able to lead you to getting money back or a successful reduction in price.  

The owner is willing to carry the property while I do the repairs, when we sell he would then collect his $250k( the original value we determined I would pay) plus a small percentage of profit (yet to be determined).