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Ask the seller to provide you with copy of all leases, Schedule E tax returns and bank statements to verify that the Actual / Economic occupancy is correct and True!. 

@Randy E. what part of Durham are you in?

Let's talk soon and catch up.Nice finishes @Francis E.

The owner keeps paying for and taking tax deductions for the Insurance, R E taxes, Maintenance, etc. 

If they give you 12k for the right to own 10 % of the equity ( this is all negotiable ) at a future date, their IRA does not incur the liability of owning R E within it.

@Caleb Heimsoth  as Bob noted, there are people who will paint for $175/day but availability might be a big issue and it also depends on what quality you're looking for (e g does it matter to you that the old paint bleeds thru in a couple of spots)if you figure around $1.05-$1.10/sq ft (of wall space, not just floor space) that will put you on the low end of retail, will give you a decent quality job but won't include wall repair or baseboards/trimdry locking the basement should be around the same price but that stuff has a pretty overwhelming odor so you might get contractors saying they either don't do it or want a premium....get yourself a quart and open it up if you don't know what I mean....I've got a painter and other contractor referrals.....most will work anywhere on the west side. 

My goal was to clean up some of this paperwork since I had four LLCs. (1 LLC partnership for rentals, 1 S-corp for flips, 1 for SD IRA, 1 C-corp) I am closing the C Corp. so now my LLC partnership will show up on my personal tax return on schedule C or E which I do not want.  

or you don't know me.... my inventory is not dead and my clients don't need to do any of that LOL.just e mail me.. :)   1600 notes in the last 5 years..

Maybe a week if it required a lot of work, if not just a few days to touch up paint, new occupancy permit, make w/e small repairs necessary, then move it.