I got quickbooks once and it was so complicated and cumbersome that I gave up trying to use it.

As for the addendums go I feel these two addendums just complicate things and thought of removing them entirely. 

Most investors on this forum are obtuse to the complicated nature of macroeconomics, cause and effect.

Chris Mason Your idea, though clever, is too complicated.

And you don't have Schedule C to deduct the business expense.This might have changed if your RE portfolio was run like a business and/or you have a partnership; the partnership would then deduct the travel expense as an ordinary business expense.As I said, it gets complicated quickly.

Therefore, I have been trying to study up on techniques used to make good offers and over come objections. 

I know it's complicated, but I just really am looking for help and direction with this property.  

What I take some issue with is the techniques that guru's use to up sell and so on .. and they do nothing to qualify if the person paying them if the program does not work they are now into debt to the eyeballs and so on but then again who are we to say at some point.. think of  Hewlet and Packard they went into 15k worth of debt to start HP in late 40s or early 50s and that was a ton of money then :)

@Bianca Rodrigues  I second Ken's advice above, definitely get an appraisal and inspection if you move forward with the deal.The two existing mortgages make it complicated. 

Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation.