The 1 offer gives the listing agent leverage to get other tire kickers to finally put in an offer instead of waiting on the sidelines.Second.....banks dont accept escalation clauses. 

The policy does not tell you you have good title, only that the insurer will reimburse you for you covered actual loss.I believe the contract will also provide that if you accept a title policy issued by the title agent of the Seller's choosing, the Seller will pay for it, but if you select a different title agent you will have to pay for the policy yourself. 

Understand Dodd Frank when applying credits and lease options; Lease purchase agreements can be a way for sellers to find a buyer, acquiring both a buyer commitment for the future as well as rental income now, to defray monthly obligations; A seller's offer of lease purchase can also attract a buyer who wants the property but needs a little additional time to complete loan qualification and does not want to or cannot make an immediate down payment; terms of payment in a lease purchase should conform to local rental data for comparable homes; the amount paid monthly to be set aside for down payment of closing costs should be in excess of the going rental rate; if not, the lender arranging the mortgage at lease end may not accept the set aside funds; instead, the lender will disqualify the funds by declaring them a "gift" from the seller to the buyer; lease purchase documents should be drawn up with legal counsel to address eventualities such as the buyer not qualifying to purchase at lease end or a market value decline impacting the agreed purchase price and lender's terms. 8.Selling to Relatives - Selling to relatives can be a good option if the seller is having trouble moving the property or if they desire to keep the property in the family; if the property is owned outright, there are few challenges, but if a conventional loan is needed to complete the deal, it can get tricky; creating conditions where a lender is convinced that this is an "arm's length transaction" may be challenging.

If needing to find new tenants as well nice thing is that those that have been accepted are providing first months rent and security deposit at time of move in.

A self-directed IRA or Solo 401k could accept funds from your current retirement plan.

I did the numbers and calculated that a good price to buy a property worth that much would be.I used this formula: Max Offer = (Rehab cost + profit + closing costs) - Wholesale feePlugging in the numbers I got:((1560sqft x 30) + 29600 + 14800) - 5000 = 86200So my max offer would be $86,200At first I thought I would jump on the asking price of $69.9k, but my only doubts were that the realtor only gave me 1 comp because the other properties in that area had been sold at auctions for rock bottom prices.If the realtor had given me 3-5 comps I would've been a lot more confident to say go ahead and accept the $69.9k, but I'm relying on being able to wholesale the property to an investor once I have it on contract, and I don't know what I could prove to them by showing them 1 comp.Should I have accepted the $69.9k 1 comp property?

“True intelligence is an ability to clearly see another’s point of view without having to accept it” - some smart person Good Luck!

He accepted the offer, now going through the process with the mobile home park application

Clients the world over have accepted that.

@Felipe Carrillo No, All JP court activities are suspended till May 14th and no eviction filing accepted or processed until that point doesn't matter whether it's for NON payment rent or not.