Because if I’m paying the seller that mortgage but then they stop paying the original loan back, seems like the original bank can come in and sell my property to satisfy it.Anyways there’s a lot of extreme hypotheticals I’m presenting, just trying to look at it from all angles.

We are closer to $115 sqft all in when including land and utility infrastructure per duplex.We have previously built 12 or so new construction single family homes from Feb 2021 to present day and I’ve noticed that building costs have come down significantly since that period where we have built those.

When running the numbers on properties in this area with present interest rates, few are going to come close to approaching breakeven, much less cash flow as LTR's. 

Personally, I would remove TK out of the equation to simply ask, how do you confidently verify information presented about any investment, local, or at a distance. 

Black Hills in general presently at a 1% vacancy and seeing a lot of growth and persistent tourism.  

The terms of the offer presented to me only mentioned the 2nd.

When you unravel wholesaling like that the steps will present themselves.

I’ve been involved in several types of RE investments, but my recent focus has been on residential rental property in CA, GA, and FL markets.Due to interest rate hike and market slowdown, I have temporarily paused acquisitions but like to explore options and be prepared if the opportunity presents itself.Let me know if you are interested to meet so we can coordinate a time and place.

I tend to be skeptical of the "motivated seller" approach to real estate investing popularized in the 1970's and 1980's now that the internet presents homeowners with thousands of real estate valuation sites. 

Exactly what for and how much is something you and your agent need to come up with but there is now a larger risk then was presented to you in the beginning.