Units are rough and need rehabbing.Offered 200,000, and we are in contract.Biggest inspection issues were mold and foundation, which was affecting the roof, and a hoarder tenant Brought out a structural engineer; foundation and drainage issues $6,500-8,000.

If the foundation, Plumbing, electrical, and roof are already there, each unit should be no more than $10K to rehab.

I had a roofing company investigate the roof and put a reflective coating on it.

I think there are two categories of companies that offer long warranties on their work. (10-15yr for roof work for example)1) they truly stand behind their work.

Also, he wants to know I have all the financing in place before he'll check on the current upkeep of the property (i.e. roof, hot water heater, etc.).

The sellers fear is if the home were to have severe damage and the insurance would cover the damage and replace roof and kitchen then they would be locked into a undesirable contract and now the home is worth more.

I cannot sell the home, therefor I cannot pay him.I have since finished the remaining work with somebody else, and got a leaky roof( which he subcontracted out, and then would not give me the phone number to call, nor did he send the roofer back).

True, but there are some places on the same streets with buildings literally falling down with no roof.

You should be able to find insurance on the property presuming you're working on fixing the ceiling/roof.

New roof in 2014 with 30yr warranty and one unit has a new AC unit in 2017.