I buy all my homes with cash and invest for cash flow.These people leveraged to the max are setting themselves up to go under during the next market crash.Equity is just FAKE wealth until the property is sold.

@Frankie Woods  I am older and retiring from rentals.. its a personal choice I have been selling for the last 5 years sold almost 400 doors..

I have ran the numbers on a few of the properties and I can see why they are being sold.

If you have already done that or know you have a good title then I guess the next step is to get the property sold as is or fix and flip or fix it, rent it out and hold it long term. 

@Nate MorrisIt would make sense that the deal may need to be included in a separate sale.Generally when purchasing property, you want to weight more of the value into items with lower depreciable lives.

6) use of a third-party such as title company or attorney for the exchange of funds for the deed. 7) determine if we would be the first lien on the house, back out if we are not.I am seeking advise if there is anything else I am missing or if any of the items I listed are not typical or standard?

He's built a company from scratch to $100 million, then bankrupted it, then built another company from scratch to $100 million and sold it. 

Are there any items in the property that would cause you to walk away?

I have just sold my home, and have enough to put 20 percent down on a new home.

Get a house under contract and get 3-5 true bids (line-itemed) from contractors so you can see for yourself that $15,000 rehabs on most houses are hogwash.