What is reasonable Deferred Maintenance?

[Masroor Ahmed]

Hey BP fam, 

So I'm in contract to close on a 7-unit bldg by the end of the first month..first deal, hopefully.  

Had the inspection done and there is clearly work that needs to be done in the $5-$10K range, incl some work around rotten wood, leaky pipes/faucets, holes in doors/walls, small amt of mold in bathroom, sump pump drain issues, bathroom fans routing into attic causing moisture issues...etc.  Many other small/trivial repairs.

For a $250K purchase price on a 7-unit in a B- class neighborhood, what is considered a reasonable deferred maintenance that I am expected to assume vs. the Seller to fix or credit?  Of course, Seller being incredibly hard and insisting that for an 'as-is' deal its no repairs at all.  I'm considering ending the deal on this matter but don't want my pride getting in the way of closing a good deal.

thoughts?

[Josh C.]

Masroor Ahmed Way too general of a question. Make a list of repairs and what they cost. Use that information with the proforma you made and make a decision. Some of the best deals are from stubborn old farts you think they are winning by sticking to their guns. You aren't paid on being right, not caving, or winning. You're paid in dollars.