Heyo BP,

So I got a triplex under contract in early June; it's in a rather old neighborhood, with most of the houses in the area built around 1900 (very old houses, not much potential for appreciation in the area). The financials were solid, around 2.2k rent every month, all units rented out, and 800 net after all expenses/reserves. We negotiated the price down to 90k flat. Now the thing is that the seller wants to sell as-is.

But here are the following issues.

• Inspection found that the roof was at the end of its life and seller was not willing to fix it. This made me go from using a lender to going with a cash deal.
• Seller has issues with the Health Department several years ago regarding lead based paint. To my attorney's knowledge, this was never resolved. I was also sent a disclosure where the seller signed saying they had no knowledge of lead based paint. Hmm, that doesn't seem right....
• Fire Department came around in April and found 3 pages worth of violations. The seller did not seem to have fixed any of the issues on the abatement and may have kept paying the penalties since then.
• Building Department came around beginning of 2016 and was thinking to downgrade the triplex to a duplex due to the basement unit being questionable.
• I have been requesting several documents to confirm the leases, their Schedule E of tax returns, all the other documents you should request and I've been getting nada after a month of asking.

The numbers are good but there seem to be a lot of issues. When does a deal just stop being worth it when you uncover all the skeletons in the closet? Would this stop you from making the deal go through.