Now, I took 70% of AVR minus my repair costs and figured out 132.5k is a good price.

Scott, the permit saying" foundation repair" but they replaced the whole foundation.

What's your actual cost going to be to repair?

I'm impressed by all your prompt responses.

There's nothing that stipulates if you do something against their 'rules' what exactly their remedy is, and whether or not there's options for any penalties such as the property owner association repairing the problem and billing you etc., and local authorities aren't authorized to do anything without a court order.

I feel that one of the main things holding me back right now is my repair estimates.

Any immediate repairs (capex) to the property??

Too many repairs, not enough equity, he had no cash to come out of pocket for the creative deal I was trying to put together for him.

If its generating 11k net after asking its not even an 8 cap assuming these repairs and ect.

In Sandwich lease option, who is usually responsible for tenant damages and repairs?