You may end up keeping the house to ensure that your credit doesnt get ruined.

They ensure me that monthly repair is less than $200.

if this is something you are serious about you need to put in the time and effort to ensure you have a lead acquisition engine. 

Even though we buy off-market without a realtor, we use an agent when we sell a flip and he provides a lot of value-add in ensuring we have an accurate ARV. 

Different states have different laws so be sure to check with a real estate attorney in your state to ensure you are in comliance. 

You could say that you are with the insurance company and want to look at the property to ensure it is adequately covered or an inspector of some sort or a contractor as the owner wants an opinion on the condition of his property. 

If that happens then- option 1: pay investor monthly for $1500/mo for 20 years ($360k return, or 7.2% cash on cash return) - option 2: list the house for sale and repay investor the original $300k promised *Possibility of existing liens- work with realtor and escrow company to ensure a clean and clear all cash purchase of the property.

No matter what your goal should be to ensure the property pays for itself.

Hill Jr. not only that, you want to make sure your attorney ensures the seller indemnifies you against Chicago RLTO issues.

We need to be smart, calculated, and understand why we're doing what we're doing to help us ensure we're successful in the long run.