And yes, the owner already collected insurance $$ from the damage but it wasn't enough to fix it (or so she said).The current owner (83 yr old lady) loves me to pieces and wants me to buy it for $55k, but no one believes it's worth it, Zillow says it's value is $53k but i figure 35-40k considering the damage.

Reading bits and pieces and formulating deals on your own is a great way to get in trouble, sooner than later, it's common among newbies with a little knowledge.

For less than $200 you get the piece of mind needed.

An investor has called us eyeing a piece of land.

The other problem is that it's basically a large antique, we've spent a lot of time and money putting the pieces together with as much integrity as possible and I'm scared of what (especially a commercial) renter would do to the place.

FICO score is such a small piece of the puzzle now (what a 180 the banking industry has taken), that a knowledgable loan officer will need to scrutinize other factors to give you a legitimate rate quote.

Believe it or not, I'm actually considering this.My father-in-law owns a house he is interested in selling that I think would make an excellent rental property.He's owned the property for 10 years.According to county records, this piece of property has had only 2 prior owners: my father-in-law's father, and HIS father.It's hard to imagine a more risk-free property to buy w/o title insurance.

Some buyers may even just get cold feet before close, at that time play it by ear.

@Blanca Munoz  A very important piece of info for relevant feedback is how much do you owe, if anything, on the property?

You can find out pieces of the puzzle that make it easier to locate the person.Ex: if they are a professional of some sort, i.e.