If you don't tell him all the reasons you got a screaming deal, then he must assume it was an arms length open market transaction, which in turn will mean the other home appraises low, which may mean it sells for less, which in turn means one of YOUR comps sold for less, which could impact market value of your home should you go to sell or refinance it.I would be selective about what I would share, and I wouldn't lie, but I'd only share information that will, or could, lead to my property selling or appraising for more. 

If I am ever in the position of buying tenant occupied property, I will make sure that I have a period to perform due diligence on the tenants and if the tenants are unacceptable to me I have the right to cancel the Buy and Sell Agreement.

No, I don't have any financial interest in Victor Pest and I don't sell Rat Zappers... glad you brought this up, its time for new batteries.... good luck

The majority are way better than the average "guru" sells in seminars. 

Alternatively, sell this place and roll the cash in to a true investment property.One thing to keep in mind is by moving out, you may be opening yourself to risks.

Not only did it sell for $940k but is was gone after the first open house.Just trying to wrap my head around how much "over rehabbing" is more of a liability than an asset in markets like these.Any thoughts or experiences are more than welcome!

., a better long-term approach may be to sell the properties and roll the proceeds into a small multi-family, 10-15 units.

I have a person that is in a house on a contract for deed that needs to sell the house.

I'm sure you can find a local Realtor willing to assist you with an offer contract, in exchange for using them as your selling agent (also a good practice if you wish to sell quickly).

@Carter CrowleyWhen you purchase a property and resell without doing any rehab -that's a wholesale.When you get a property under contract and sell the contract - that's an assignment.2 very different strategies that are both fabulous!