I bet if you posts the address on this thread you would have the perfect rent confirmed for the house within 24 hours.

Based on the new Dodd Frank rules effective January 10th, a sale is defined as a "Flip Transaction" is the new price is at least 10% higher than the previous sales price and deed has transferred within the last 90 days, OR if the new price is at least 20% higher and the deed has transferred within 91-180 days.

You can address that too in your lease next time. :)

Other problems you will have ........Mail , you only have 3 units so technically you will not have a legal address .

Sorry to hear that the market is getting tough for you guys.I'm wondering if the new mortgage regulations that rolled out for first time buyers will have any effect on the process -- hopefully eliminating those in the market who don't actually have the assets to be a serious investor.

I asked him for the house's address because he had not yet provided it to me.

If, when you do your inspection, you find items that need to be addressed then you either cancel the contract or negotiate an even lower price.

Also, there are Podcasts that address the subject too.

What are some repairs that are can be easily and effectively done alone or with a friend rather than hiring a whole team to do the job?

I would look for records with that address going back for the local newspaper blotters, which will track for misdemeanor activity if the paper's upto date and online.