We have an opportunity to purchase an off market deal containing 3 homes on one lot.

Abandon ship BUT WRITE to the manager, WRITE a BAD review, WRITE to the CFBP.

If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

I look forward to seeing you around.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesAlerts can be really helpful too: http://www.biggerpockets.com/alerts

Use the Bigger Pockets glossary to learn more about real estate terms that may be new to you: https://www.biggerpockets.com/rei/glossaryThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesAlerts can be really helpful too: http://www.biggerpockets.com/alerts

In my mind, the only way that someone would have "nothing to lose" is if they owned an LLC which contained:- Properties with no money down/no equity within them, and the loans on these properties do not require a guarantor.I have found that nearly all banks nowadays require a guarantor, even when putting 20-30% down. 

I worked in the oil field on boats and ships for twenty years and I am, "The Seasick Sailor Rowing Home." 

Outside of proof of the things in question #2 and an inspection are there any other contingencies my formal offer should contain?

To be very honest the ship has sailed for amazing returns in Bridgeport.