Would you assume this 2.3 % loan?

[Jane S.]

This is for a $500,000 VA loan with an interest rate of 2.3% and MLS list price $600,000.

It's an up down 2/1 duplex, each unit 850 sq ft, in a desirable location. However, the condition of the upper unit is disgusting. The property needs ~$35,000 rehab, (just a top of the head guess probably a low number), there is no entry from the double garage into the lower unit, and there are various other flaws which may not even be repairable. The A/C condensers are stored under the back deck, disconnected. 

The listing broker refuses to answer any questions about rent roll, if any, produce copies of lease, cost of utilities, and it has CDOM 129 days. 

One would think the interest rate would have garnered a few offers, but agent won't discuss that either. 

The listing states rent is $1,900/month per unit but refuses to submit hard copy proof of same. Property is occupied by the owner in upper unit. I dont think he's paying himself rent. Lower is vacant, although the listing states  "the tenant in lower unit will be leaving November 24". News flash, tenant is already outta there.  

After I saw pics of the upper unit I decided not to view it. There's a limit to my forbearance.

Thanks for your reactions ... 

[Caroline Gerardo]

Is he moving out BEFORE you close? He sounds like a veteran with emotional problems. My guess is he is a protected class and your obligation to do everything right and perfect is vital.

There are forms you have to have a veteran execute as he loses a percentage of his eligibility. 

Is the property worth $600000? 

Forget the lease the owner doesn't have a lease, you can see he's a mess. Is he married???  Listing agent doesn't have to give you anything. Why do you need the cost of utilities? 

Do you have $150000+ cash for down payment and repairs? Can you qualify FULL Documentation (IRS taxes 2 years + bank statements) without any rents?  You will have an additional $ 2600 debt to add to your debt to income ratio.