The reduced price did not match the cost of repairs.  

Here is a breakdown of the items they saw that needs attention.Needs minor trash removal; needs mownSupport post trim needs replaced; badly deteriorated; upper trim needs scraped and paintedBroken panes on side back needs replacedReplace fixture on front porch; flood lights on backNeeds some minor trash removed and minor work done220 wiring needs secured;not up to code, needs to be placed inside conduit.Install new furnace filterClean and paint register ventsInstall apprx. 4 door stopsFull interior rent ready cleaning required after all work completeReplace as needed to match all light bulbsSteam clean all carpet; sweep and mop vinylReplace missing storm door, paint interior doorPaint all wallsPaint door; interior shows signs of previous leak, but doesn’t appear to be a current problem; paint interiorSeal gaps in side window; paint all; seals appear damaged on double pane windows; may not be an issueReplace screensInstall two smoke detectorsInstall two blindsTouch up, as neededPaint all window sealsSeals appear bad; paintInstall screenVery old and drawers fall out; should be replaced with new; secure handles, if keptHas several large chips; functional sink otherwiseInstall two strainers Install fire extinguisherPaint side exit doorEstimated cost is $4,000. 

There many things you need to know ideally before you make an offer.Your first thing and not necessarily be the most important is the first impression when you drive like the building(s) and the landscaping, is it's location good for your tenants, the mix of the floor plans, can you add any value, Make sure when looking at the income and expense records that you looking at actual financial statements.Are there any nearby schools and are there there any nearby amenities and what type of the parking is available to the tenants, how any nearby apartment locations and what, if any, are they doing to attract prospects, look at all units and do not let the current owner trying to get you  not to do that, how does the current rental rates being collected near the market average, does it need any capital repairs or rehab right away,does it have a positive cash flow now, is it being properly managed by property management, and is there any nearby retail development and do its match your target market.

I would act as property manager for the property, and in lue of fees I would put those funds back into the operating account until those funds matched the initial investment that was needed by the other 4 partners. 

As her English is not the greatest either, the possibility that she may have been taken advantage of sits in the back of my mind.I took a look at her account today and saw that she's been paying her premiums monthly, for the past 10 years.But the Cash Value amount of the Whole Life Insurance policy does not match the Premiums she has been paying.

We've just had an extended string of "champagne taste with a beer budget" guests whose reviews have not matched what most of our guests had historically given, so those jabs hurt way more when we are putting in so much personal work into giving them a good experience.

@Marc Roth Depends, if you are talking about rental market,then I can see it rising a bit since the fed is trying to match inflation, yet wage increase hasn't caught up.

I like the idea of using a deflating defined benefit pension annuity to match a deflating 30 year mortgage thereby creating a quasi "real estate backed inflation adjusted annuity."  

The most you should do if you DO want to pay for internet... is to provide the modem that's matching the speed you purchased from ISP.

If no, send me the street name and I will tell you if we have a match