The seller and I have agreed upon pricing and I am in search of a buyer for rent or a flip.

Hi everyone,

My name is Zach and I am new to BP. I am 26 years old and beginning my journey in real estate investing in the southeastern Massachusetts or Rhode Island areas. I recently came across a single family h...

I don't see that flying unless they are motivated. 

I found out, educated the seller, and the deal went south along with legal actions from both sides:)

That's why the buyer went to the other street & why the seller on your street had to put it on sale to get it sold.Never rent in owner occupied areas. 

You might consider seller financing because you avoid the tenants and toilets kind of thing.

I personally hate when wholesalers play this game and send out daisy chain properties.Wholesalers in my area do this all the time and send out each others deals, etc.I won't even work with them if they aren't in direct control of the deal with the seller.

@Kimi Ho similar to 1031 exchange name change where everything tied with buyer/seller SSN/EIN and you cant mix funds for 2 separate EINs/SSNs , properties needs to have separate account as tax paying entity to county office (i.e. 2 separate tax bills aka 2 addresses).  

So the property was represented as legal duplex by the seller.

You focus on what is the maximum you can spend to make money...and don't negotiate (rationalize) against yourself after you found that number.Second, whether you are the buyer or the seller, you focus on what you need financially first.