Let me see.. that was over 600 words..that will be 3 chickens and a milk goat!

Tenant left everything behind after few months of court and a court order.  

Turnkeys aren't perfect and a TK buyer should know that they need to a) do due diligence on the property as thoroughly as any other property and b) they need to be ready to step up and manage something (likely the property manager) if things aren't going well after the purchase.I'd imagine some people will say the pitfalls are based on inaccurate advertising by the turnkey provider or the rehab quality not being up to par or something, but the reality is--those things happening should've been checked up on during the due diligence period by the buyer.

On the surface of it, this is a terrible loan for you (and a great one for the Seller)!...

Wholesaling and fix and flipping are the most common, and these both require significant time, effort and money.Passive investing in rental properties still requires significant time, effort and money to acquire properties, as well as good credit and a good debt to income ratio to finance the properties. 

I have to mention that I do have a relationship and a bank account with a local bank in Florida and I do own a LLC in OhioWould I be able to use the equity on my two properties to pay down the deposit for the third one?

Or they can pay online. 90% of my tenants pay by the bank deposit way and a small percentage pay online. 

And as of today it appears there is no original lease (now month To month( that the tenants signed.

My dilemma is between a cash offer of $204,500 and a conventional offer of $210,000.

I think the answer to your question depends more on the location of your property and a lot of zoning issues that may or may not afford you the opportunity to do what you’d like there.