4-plex purchase strategy - facing capital improvements

[Deb Somdahl]

I am looking at a 4-plex investment. It is built in 1985 and has an original roof, and 2 original A/C (so two are likely ending useful life). I am weighing making a lower offer and planning for these large capital improvements in the near future by setting aside funds, or paying a higher amount and asking for repairs or some sort of concession from seller. Any thoughts?

Seller is open to owner-financing (which I am hoping to negotiate) so I would have to sell or re-fi in next 5 years, so am thinking about how this factor plays in. There may also be more room for creative solutions.

I am new to multi-family analysis. Any insight you can offer is greatly appreciated.