The PD is just an organization that doesn't want to get between a tenant and landlord.Get a lawyer worth his salt to explain in detail what you can, and cannot do.You clearly don't understand property owner rights and tenant rights.

This organization is so reactive (instead of proactive) that it become a sad joke.

If you buy cars like that and resell them are you going to have to get some kind of used car dealer license?

My addendum says that I have the rights to list & resell the property & the buyer intends to resell for profit.

If your plan is to resell then I would look at the average DOM as well as more recent comps.

there is no walking away with any cash in my pocket except what I get when I resell.

They are a totally legit organization.

If you're just buying at the listed price or a slight discount, then trying to resell, you have to ask what value you're adding, and why the end buyer couldn't just buy off the MLS, too.

The cost of holding, resell, etc are paid from your spread of 30%.IF the ARV is $220k and the repairs are $23k, then you take 70% of $220k ($154k) less $23k repairs = max offer price of $131k.Your stated max offer price of $154k is too high.Holding costs also appear to be too low on your calculations.To figure holding costs, you need to know how long you will hold.

I also gave him a couple of phone numbers for organizations that help with emergency rent.