New member interesting in learning and involving myself with the local real estate market. 

Don't get involved with the mail, tell old tenant to complete a Change of Address card at the post office and the mail will forward just fine.

@Raad Qumsieh By removing your inspection contingency (and as an all-cash offer, you'll have no finance contingency I assume) you'll have no way to back out of the contract without, at the least, risking your earnest money. 

What are your risk tolerances?

The investor would be doing this knowing that the borrower was already in foreclosure and having trouble making payments (more risk.)  

why would a lender take the risk when you won't?

Staying in college tells me that this person isn't willing to risk 99%-100%.

Let someone else deal with issues and risks.

Then the man's wife got involved, listed it with a realtor, who said it's really worth $500K, and 3 weeks later sold for $530K.

Feels like a good deal (nice lower income neighborhood, bike paths, parks, 10 minutes from personal residence ) but the AC and roof may not have too much life left.Based on my analysis, I think the FMV for a 2/1 like this is closer to 35k.Inspection in a couple days - planning on asking for $3-5k back at closing to a) mitigate risk of roof/hvac replacement and b) bring purchase price closer to FMV.Is a deal like this worth walking away from if I don't get a concession post-inspection?