Every other post is valid and correct in my opinion.  

Since it's new construction, we still have access to a warranty from the builders that expires in a month.

1) They want to be paid cash - which PMC's can't do2) They want to be paid on the spot when they are done - which PMC's can't do because of the scheduling challenges3) They aren't licensed or insured - which a private investor can take on that risk, but a PMC cannot.4) They don't supply warranties - which good PMC's are compelled to offerA better solution is for a PMC get bids for the owner, the owner approves and then they negotiate a markup for the PMC's time to manage the maintenance and confirm the job is done on time to keep the tenant happy and done right.

Dear Resident,The purpose of this letter is to inform you that we have purchased the property that you currently lease on XXXXXXX.If you have a current and valid lease, it will remain in effect through its normal expiration.

PP=105K, Rehab=49K, ARV=approx 210K asking price -$208,900I have gotten some offers that i am willing to acceptOffer 1- FHA Offer price 208,900 with 1000 credit and 500 home warranty ( i closed 9/28 but the deed not showing up on recorder site, so i am checking with title company. for those not aware there is a policy for FHA loans that i need to hold the property for 90 days before someone can purchase with FHAOffer 2- FHA Offer price $207K no credit, but i might run into same issue above, still checking into itOffer 3- VA loan- 207K no credit, the contingency is VA loans require a termite inspection which i need to provide, the dilemma i have is per several articles and from experience is at times the VA appraisal comes in lower than what a FHA/ conventional appraisal would come in at.

Maybe I should lower my offer price on this to $30K and send them a detail breakdown of all the expenses to validate my offer?

Then you should get a general warranty deed and title insurance.

You also need to look at the comps as well to validate your assumptions.

@Patricia Steiner - Thanks for the validation!

Otherwise, I'd warranty deed the home back into your personal name (so your title insurance stays intact... a little trick my lawyer taught me).