I heard last week that builders have about an 18 MONTH supply of unsold inventory.This is caused by two things; sales slowing-which means that if they've been selling 10/month in one development they may only be selling 5/month now, and continuing to build.

My biggest concern with this sandwich lease strategy was not being able to have a tenant buyer already lined up to move in the home, which you covered.

If they weren't recently updated, you can factor that into your repair estimates.No comps usually means slow to no activity in the area and that's a concern.

Elizabeth Colegrove utilities are separate.My main concern is the added noise a second person would make.

Attorneys may advertise, but they are under more ethical and even legal requirements concerning doing something to acquire clients that are already represented.

Anything else, questions or concerns let me know.Being you will probably be on both sides on this deal, if you decide to go ahead with it.For example:As a buyer you do not have to worry about coming up with the money for property taxes, private motgage insurance, or homeowners insurance and the seller will usually continue to pay for and complete any maintenance and repairs on the homehttp://www.biggerpockets.com/renewsblog/2013/01/06/rent-to-own-homes/

My concern would be he is too far in the red for even that!

If the tenant causes trouble, he will cause trouble no matter what contract you have.

The property is cheap enough but I am concerned with buried stuff if it turns out to be buried drums of waste oil could get expensive to clean up.

Not your concern as far as the legal stuff, although I'd want to know what the issue is in case it could have some liability for you in the future (drugs, illegal home business).