For your seller its an effective sales price of ask - 2% using your assumed $500,000 thats $490,000, a real good offer depending on your market.  

Good luck, and keep us updated on how it goes!

@Kris TohovitisI wouldn't recommend using your cash to pay off the mortgage on your primary residence since you can likely get a better return on that money by investing it.What's your buying criteria for the multi-family property?

Good things take time. 

Good luck. 

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.   

It’s also a good idea to consult a real estate attorney and tax professional to get the best structure for your needs.Best of luck with your investment!

It's no different with the inexperienced investor who doesn't know what a good deal is.

(Good Choice!)

If y’all could help with finding out if this is worth purchasing is a good investment.