Never smart to lie.

Also, if you've got that sort of money lying around, why isn't it already being put to work, for better than 7%, per your point 2) "vs. where my money is tied up (as compared to purchasing cash-flowing rentals utilizing leverage)"?

Just lie the last several times I've lists I had a lot of demand to see it.

This is an area of real estate where most people are believing and repeating a lie.

Far north Grand Prairie and South Irving are prime examples of low-lying areas where cheap fill was used, before development.  

The main breaker box was in a very bad shape (in the basement) and there was an old electric meter (with needles) lying on the side.I called the electric company, and opened a new account for electric.

When you get to a vacant house with a Green pool its hard to say what lies beneath.  

And not knowing they are not getting title insurance for that extra 50k they paid and buying as is from someone who usually if not straight out lying about the comps or condition is certainly puffing.

Like in the previous example, these people are lying about deals to get other investors who might be interested in them.

Obviously you are lying, but you need to put pressure on them to buy this property right away so you don't get stuck with it.