I am not maligning the brokers they are simply telling the buyers what their options are.

You are thinking it allows you to terminate the lease and you simply can't terminate a term lease until the end of the term. 

The lawyer will simply tell you that if you don't have the COC in place and the home needs work there is nothing you can do but fix it up.  

If you intended to simply buy and hold for 15-20 years?

I am new to this and do not want them to think that I am simply looking for money.

If I simply say that the Landlord isn't responsible without any clarification or justification, I feel that it won't be received well. 

Is it simply sale price - buy price?

For those not in the industry the reason lenders wont go that low is  really simply a math problem.. if they have to stick to their pricing sale 2 and 12 or so and its a 30k loan.. thats a whopping 600 in points and very small amount of interest payments which are always shared with teh investor or credit line or wall st guidance line they have to   HML make money on the delta between what their capital costs and what they can put it out for.. then you have defaults the cost in many of these Eastern states and time lines to foreclosure is hugely expensive and time lines are forever.. so if your only making 1k or 1500 on a file and have to foreclosure you just lost a bunch of dough. it takes no more time or effort to do a 500k HML at 2 points  10k of revenue to lender and the delta on interest of course is much nicer.

An open house is typically a time on the weekend when anyone can simply show up and view the house. 

STOP basing your decisions on ROI and simply pay attention to pre-tax cash flow.