I just wanted to clarify as there is possibly some misunderstanding: the quotes I was given were obtained by the current owner, and are not 2 alternatives, but 2 requirements.So $22k to repair the foundation PLUS $130k for the inside of the 1350 sf unit and some inside and outside crack repairs on the rest of the building and the rest of the units.I will definitely get my own quotes if I choose to proceed.

I think a lot of members are misunderstanding the distinction between operating a commercial business out of the home and simply hiring someone to perform a service at the property. 

@Michael HammondYou are mis-understanding the linkages here.A Solo 401k is a retirement plan that requires you have some form of self employment to sponsor the plan.  

(Offer price = asking price + closing & prepaids)Banks typically offer REO's at 85-90% of FMV and closing and prepaids are usually 2-5% of sales price depending on the sales price so appraisals shouldn't be a problem for reo's.Yep,  just clarified so there wasn't a misunderstanding, you're right with your lender hat on!

I'm misunderstanding what this is saying. or B.

Misunderstanding of CapEx.

You misunderstand my question. 

I think your agent is being honest with you, and you are misunderstanding.  

I've had a lot of misunderstanding of how short sales work.

Let me know if I'm misunderstanding.