Market is hot and tight right now so give him time. 

Their issues can quickly become yours if they aren't able to fix a roof leak that is coming into your property.I would not be a buyer, personally, because the numbers are too tight, both in reserves and free cash flow.  

and yes as we here in the northwest know 2 to 4 million is not out of reach compared to Mid west fly over country where homes sell for that but in very very tight specific locations.  

Thankfully, my agent and I paid close attention to the due diligence deadlines and were able to cancel the contract within the diligence period and I received my full earnest money back (though it was odd that the title company did not wire the money back and instead mailed a check, which delayed receipt of my money back by a week).It was beneficial that I work with a full service property manager, who also acted as my RE broker for the deal.

Do not miss the deadline because if you do - for any reason - you will lose your right to cancel and lose your escrow.  

Do they get along well enough to be able to work together when emotional, money is tight, work is overwhelming, etc.That said, if your kids are into rentals/real estate it could be good, but make sure they are educated over and over on what to expect.All that said, I do have property in a Trust for my kids as beneficiaries. 

If you think inventory is tight on SFRs in 2021,...imagine what it will be like in 2121 if this comes to pass. :-)Just kidding..................................sort of.

If it is a contractor I trust and have used before I will still add a fudge factor, just not 15%.As a buy and hold investor, if the market is really tight I still want 10-12% equity in the home after repairs. 

New homes are going up, lots of deals happening in a tightly controlled market.

Older homes tend to be less air tight and breath a little more.