The location, price, and condition created the ideal situation for our team to make an educated offer.

The planned renovations aim to enhance the property’s condition, allowing for significant rent increases and maximizing the long-term income potential of this eight-unit apartment building.

The property is condemned currently and as of June 2022 Will confirm before closing that I have till June 2023 to get the property below 75% deteriorated or whatever verbiage that was used to denote the property being in a degraded condition. 

Terms and conditions may be similar to the third-party purchase agreement; however, earnest money is capped at 5% for the tenants/tenant association.

You are purchasing assuming market rents (set by the condition, amenities, location, etc. of the property) so agree that a seller would likely question a request for a lower price or their receiving less at closing. 

**Negotiating Flexibility**: Discuss these scenarios with your realtor and outline specific conditions under which you can proceed independently.

**Proactive Steps**: - **Prepare for Inspection**: Ensure the property is in excellent condition, with all necessary safety items in place (e.g., smoke detectors, proper handrails).

So, similar to Marcus, one of the happiest days of my life was when I hired out my bookkeeping - total weight lifted off my shoulders!

It was not a fast job and they overloaded the back of the pickup quite a bit weight wise.

Let her rent it back at market value-why are you giving her a discount-did you get a better price when you bought it on the condition she could rent it below market value for a while?