I washed the walls with a bleach cleaner and then I used Killz 2 the oil based primer on the walls, and baseboard.

I might also add that he seems eager to sell and wash his hands of it.   

On the reverse side, I have been a tenant a few times and I not only never received a gift from my landlord, I never expected it either.For those of who are saying that your tenants are you customers, I am a customer to a LOT of business, both large (Wal Mart, BP, Wells Fargo, etc...) and small (barber, car wash, liquor store, etc...) and I do not receive nor do I expect to receive a gift from any of them.But for those of you who do give gifts, I respect that and I am glad it works for you.

I was going to hire a pro to acid wash it that way none of the detail is lost since this is sand stone from Scotland and I could give all the history and the cost of this place was crazy.

I suppose there will be more upkeep (landscaping, etc.) but maybe it's a wash?

For a new Commercial Loan, DTI is ignored and the new property DSCR is the tell all metric.Income from your other B&H properties(MFUs), it's  purely income as the Sch-E washes away expenses including mortgages. 

I was pretty surprised when he was he first to say "sure, that's fine."

The owner of the house doesn't know how it got up there or who's it was.  He

I'm submitted my first offer today.Sq Ft = 1,018List Price = $65,000Initial Offering Price = $32,000Max Limit = $40,000ARV = $125,000Realtor Fees = $7,000Closing Costs (Buy & Sell) = $1,200Inspection Fee = $350Holding Costs (Personal Loan) @ 6 months = $4-6,000Total Variable OH = $14,550Rehab Costs w/ contingency = $34,900Net Profit (ARV - Variable OH - Rehab Costs - Purchase Price) = $35,550Net Profit After-Tax (Impose short-term capital gains rate at 39.6%) = $21,827Work that needs to be done:Rebuild mudroom and re-route washing machine/dryer lines = $4,000Kitchen Rebuild: Cabinets = $1,000Granite CT installed, sealed, beveled = $1,400 New appliances (may use a 2nd hand shop) = $3,500Flooring and back splash = $1,500TOTAL Kitchen = $7,400HVAC (received quote w/ ducting install) = $6,000Front porch repair = $1,000Half-bath install 12 sq ft (@ $100 per sq ft) plus cost of supplies & equipment = $3-4,000Add closets to each bedroom = $1,500Fix ceiling water damage = $2-3,000 Foundation leveling (house has settled) = $1-2,000Renovate full bath (replace tub, new vanity, replace toilet, re-tile) = $2,500Simple landscaping (mulch and shrubs) = $500Fixtures and Hardware = $1,000Contingency = $2,000GRAND TOTAL = $34,900I'll be doing the majority of the work but will have to sub-contract out construction of the mudroom, half-bath install, and closets.Immediate Questions I'm concerned about:1) Cost to rebuild mudroom.

When Eddie recognized who I was, he said "oh, I guess you're not going to let me put it under contract, huh?"