@JJ Chojnowski The rational is Fire hazard as far as I have understood it.I'll probably just call a metal scrapper if I can have him come cut it and take it away.

On the other hand if the mortgage is $1500 and you're charging $1600 and area rent is $1000 you are lucky to have someone in there and are on the edge of disaster.  

That will give you a picture of which markets to dive deeper on and which to cut out because the ship has already sailed. 

Might be trying to scare you off in hopes he can get a buddy of his the property and he takes a cut from both sides.

-if prices do not rebound we will need a plan beyond that and it will not be pretty-this can and will hit the rental market in a variety of ways and here are a few potential issues i see.1. higher end rentals could see prices drop or vacancies increase as this type of downturn could hit middle to upper income families that have not budgeted or who see their jobs or incomes decrease as companies tighten their belts and cut salaries or even lay off more folks.2. low income rentals would see more evictions and more late rent payments and potentially small decreases in price - while many of the low income families in town do not work for the oil and gas industry they do often work in service industries that are frequented by oil and gas folks or depend on programs that are subsidized by oil and gas money in our state budget. 3. property prices and values - prices are being driven up on investment properties mostly by out of state investors as there are very few areas where you can get a "decent" property for under 100k and we are still one of them. 

Somehow I think that the old scrub and dust isn't going to cut it any more?

My question is, if I get a bank to refinance the deal immediately after purchase would it make sense to cut a 20k check for the ability to have a cash offer?

My question is, what should the percentage be cut between us?

New property management and small safety improvements to the building What was the outcome?

Eventually I will move away from option periods, but for now it is a necessary safety precaution.