Submitting 1st Offer

Haste may make waste.
The part about the keys and beginning rehab many of us would not do. You put money in it and things go bad at closing your screwed and possibly liable.
Last minute things do come up at closing once in awhile you don't want to deal with.
If you are keeping it and doing the rehab why the double close? I must have missed something. But, yes, it is a good idea to talk to the title company ahead of time to make sure there is common ground between you. If not talk to that banker, work it out. If your attorney is your closer, don't shunt him/her this way without a good understanding between you 2. They hate it when you go around them. They often will consider it a trust issue. Not good.
There are some other items that your showing on that addendum list you may wish to be ready to adjust or dispose of.

If your not keeping it, make sure you add the assign-ability clause in one way or another. There is where you really need that attorney!

Keb64 - Comps are coming in around 50,000. My buyer is looking for properties he can rent out for a few years, and I think this one will be perfect.
Keb and Mike - the only reason I want the keys is to show my end buyer, or other buyers if my buyer in mind doesnt go thru, not really so I can begin rehab. Should I word it differently and say something like, need keys to get inspection done?Or should I make it clear that I may Double close, and that's why I need a key?
The deal with the attorney, we havent even met yet. Spoke over the phone a couple times, but that's it. That being said, it really wouldn't be any kind of issue with me goin around him.
I just wanna make sure I do this right, because I believe this is a gravy deal.

i changed a couple things. How about this.
-
I would like to propose an offer of $9,200 financed by your bank with an interest rate tied to the current prime rate, and amortized over 5 years.

Or

I can make a cash offer of $6,700.

Other terms and conditions:
No penalty for early pay-off if financed by your bank
All unpaid property taxes to be pro-rated and credited to me (the buyer) through day of closing
Buyer to receive title insurance reflecting clear and equitable title for the property
If financed, first payment to be made 60 days after closing
Buyer to receive key to property before closing to have inspections done and receive estimates for rehab
Offer is contingent upon suitable home inspection

Please advise if either of these options is acceptable to the bank. I want to create a win-win transaction for both parties. In the event we do not reach an agreement on this transaction, I would appreciate it if you could contact me in the future if you acquire any other REOs. Thank you for your time and consideration. - Brandon

Sounds great to me bjackinmeup. Keep us informed on how it goes. I might do my first deal like you. Thanks for the info.

Congrats on the great deal, one mistake you don't want to make is to over analyze what your doing.(helpme2) seemed to have sound advice. It sounds like you pretty much have this one in the bag, but if not then lesson learned. Move on to the next.Hope it all works out man. Keep us posted.