My offer to the seller (please analyze and offer feedback, offering soon)-$230,000 for the house-$60,000 down (paying off lien, avoiding foreclosure, I'll cover closing costs)-Seller financing for the $170,000 balance at 3.5% ($495.83 payment to him monthly) interest only for 5-7 years (seller's choice)-If he takes the offer for 5 years, he'll net $259,749 for the house-If he takes the offer for 7 years, he'll net $271,650 for the houseOverall I think this is a very fair offer and not a bad way for him to get out of this situation considering the alternative.Property and Cash Flow Analysis based on Current RentsOffering Price: $230,000Closing Costs: ~$2,500Rehab: ~1,000 for some exterior paintingDown Payment: $60,000 to payoff lien, closing costs.

Lowe's actually has a 40% off sale we are going to take advantage of for the appliancesThe 2nd and 3rd floor tenants have moved in alsoSince the last update we also painted the common area entry ways and did any exterior painting that was needed also such as painting the front stoop, the front railings, etc..

I wonder if they were saying it costs about 10k for the materials to "print" the exterior walls or something, not counting the labor, overhead and machinery involved to build those walls...Not even counting the foundation, roof, utilities, trim, partition walls, doors, paint, etc. 

Lawn is mowed, exterior paint is in reasonably good condition, visible A/C unit appears less than 5 years old, etc. 

Only the exterior walls and half the roof will be untouched (other half of the roof was already repaired immediately after the loss).

Is there any peeling paint on the exterior or the interior?

I am planning on focusing on remodeling all of the units, then there are some larger items I plan on hitting(painting exterior, redoing cat walks). 

What’s unique is that the basement only has an exterior entrance so if I added rooms to the basement, they would essentially need to walk outside to have access to kitchen/bath/laundry.

(You’ll need to have an exterior enterance for the lower unit.) 

Prior to placing the building in service, M pays amounts to repair cement steps, refinish wood floors, patch holes in walls, and paint the interiors and exteriors of the building.