While the repairs will temporarily affect rental operations, the long-term tax advantages from depreciation could help recover some of the initial financial outlay.In terms of negotiations, it would be wise to push for a larger price reduction instead of accepting a cashier's check, given the magnitude of the repairs and the expected loss of rental income during the downtime.

I expect nothing from Mr. 

It was one of those "right place, right time" situations, and we managed to negotiate a deal where the cash flow exceeded her expectations.

Or will most people expect interest payments along the way?

Say I have a first position performing note, what is a typical discount I should expect to give when selling?

This honestly isn't terrible for being out-of-state on your first reno, but expected.

I have done a formal inspection with the lease but I give the tenant a checklist to fill out with the least when they move in so they can document anything that is broken or needs repair.

But each area is different on what to expect with tenants. 

Wasn’t looking for any cash back in this market but definitely wasn’t expecting 23k to refinance these two deals. 

Maybe I do 2 months, and then have the 3rd month broken up over a period of time.