When it comes to investments, you can rely on a third party to control the timeline of repairs since your tenants also have recourse depending on the situation.

As for value, a similar property down the street sold in the mid $800's in Q4 of 2023.Closed in December on a 6-plex in Berkeley with an in place 9 CAP, with 3rd party property management in place.I am in contract on a 4-plex in the Adams point area of Oakland, within walking distance to Whole Foods.

if so, this had high risk written all over it for all parties, as in todays market it is very rare to find properties that will produce positive cash flow with 100% leverage.  

My question: Is there anyone you would recommend (preferably in the boroughs) that can help advise me on how to structure this deal that's fair to all parties and compensates me for the risk I'm taking? 

if you did want to claim it, it would be better to revise the closing and get it included - then you are totally legal.Just realize your actions impact the other party as well.  

I could imagine it getting very tricky with a 3rd party management company and have not heard of a company doing it.

If you're buying in your town, the down side is you may have to manage yourself, may be difficult find 3rd party management.Good LuckGino

I do not believe you can ever have a third one though.

Thank you so much for the deep insights.I just completed my third trip checking out properties in Charleston and your comment definitely helped me out with house hunting.First of all, your comments in tandem to conversation within my network made me re-think of what exactly is my goal with real estate in Charleston?

You'd need to agree on amount to hold in escrow, and under what very specific terms they are released to which party.