If you're charging HIGHER rent-to-own rates than they'd normally pay for just renting there...

Normally it shouldn't take that long to rehab, but he's and older guy and does all the work himself.

Although they normally like you to showing with a signed executed contract in hand.3.

Inexpensive and appreciation don't normally go together.

Not looking for headaches from the normal bank loans which I probably can't get anyway.

Normally a job is what pays for your investing and makes getting mortgages possible. 2) Purpose built multi residential is the best starting place.

Don't overthink it, accept them with the normal security deposit you require.

Now that you know the factors, you need to estimate them and factor them all in an IRR analysis ... google is your friend there as books can and have been written on the subject here on BP and elsewhere.Personally, my favorite thing to do is get into a nice neighborhood with great appreciation and rent growth that wouldn't normally cash flow, but force appreciation to make it cash flow for me early on and get an immediate equity bump. 

We're just starting to get them to a normalized state, but it looks like its going to be a pretty big cash cow.

But if there are 4 cash lowball offers, 3 normal financed offers, and then your offer where you've actually got a plan in place to make sure the appraiser doesn't call a bunch of stuff out that is ALSO higher than the cash lowball offers, then you've set yourself aside from the crowd in the eyes of the listing agent and seller.