What they do not do is fix all the roofs, mechanicals, etc. that will eat up the new buyers in the first 5 years or so of ownership.

So, work on a good script, practice it and role play, then make the script your own, or make it fit your personality so it doesn't make you sound mechanical. 

The house overall is in great structural and mechanical condition, just needs whole house updating.

In my prior post I describe the mechanics of properly assuming a loan... if you would like either coaching, evaluating the deal with a second set of eyes, or help acquiring and negotiating the  delinquent fees then please feel free to reach out to me as I am an investor in Chicago.

Certainly get that I'll have to replace any mechanical equipment submerged.

My name is Pavlos, and I'm a Project Engineer, currently working for a mechanical contractor.

There are a few things to watch out for.You need to make sure the mechanicals and structure of the house is good.

I will be all in at about $12k with repairs, so I am really not interested in loosing the money if he decides he wants the repaired property back and wants to start playing games.Could I not place a $12k mechanics lien on the property after repairs which would prevent him from encumbering the property?

I got a 2nd opinion on repairs (which didn't include any inspection of the mechanical/electrical of the house).Bill I like the idea of sending in an attachement showing comps and repair costs.

What is the mechanism?