What am I missing on this maybe I'm not understanding your strategy right?

And far as the buyer goes am I just asking for enough earnest money from him/her to cover the title and paper work ($250 or so) because when I give the buyers earnest money to  the title company they use it to pay for the title search and cover any additional fee's, then they will call the buyer and the seller and tell them to come down to the office and have the buyer pay at that time and close? 

Am I interpreting this correctly?  

The rent is $1,355 and the expenses are $1,300, sounds like a whopping $55 a month not counting CAPEX.Personally, I don't see a deal here, what am I missing?

How involved am I obligated to get?  

If it is the buyer, am I in the wrong to ask for what the commission percentage would be, so I could calculate the total cost of the what I am purchasing? 

I would be more comfortable with a mortgage I could pay in its entirety without tenants, and having a tenant would just be a nice help on my mortgage (therefore allowing me to put the money I save back towards the property / maintenance).Am I being overly cautious or am I being a smart investor?

I reckon the foundation would be inspected during the home inspection, though.As a first time investor, my other question is: what questions am I forgetting to ask?

Am I hearing that it would be far-and-away better to do the latter rather than the former?

I'M not sure how long your tenants have been in place, nor am I familiar with your 4plex.