Which title company to use shouldn't be a deal breaker.

Or a regular breaker box?

Not sure what's behind the plaster walls, but when the current owner purchased the property, he went to town removing asbestos insulation from the basement, separated the utilities, installed separate furnaces for each unit and had the separate breaker boxes with new wiring run for most of the units.

Also, Forbes just published a very informative article about real estate crowdfunding: http://www.forbes.com/sites/groupthink/2014/02/28/2014-crowdfund-trends-top-20-wall-breakers-of-real-estate-investing/

cost me 1500 for a new 220 line run from the street to my basement. 40 breakers and ground pole installed with all wires installed back into breakers.

Electrical- if you have knob and tube or circuit breakers count on higher insurance until you replace them preferably immediately.Plaster - if the place is still wallpapered the good news is you are not dealing with lead paint on the walls.

==============================i'm worried about it being a quit claim deed and i buy it and end up with nothing as other liens may be on it but they are offering me optional title insurance so that may not be an issue where i buy it and other liens are on it.also that it is occupied i don't know if that would be a deal breaker or if i could just get them evicted if they do not want to pay rent or leave voluntarilyadvise/thoughts please of this home on auction.com or the 4 BR and section 8Thanks

But the large cash flow offsets the taxes so It's not a deal breaker either way.

Also, when electricity was introduced into these old houses it was common to only have 1-2 circuits per floor - meaning you may find all the receptacles junction in ceiling light box of a room and 2-3 rooms will be strung together.

If your desired profit requires you to purchase the property at a lower price, then you would want to counter at a lower price (in my opinion).With that being said, from my experience, it is not uncommon to go back and forth on price, so countering their offer of $25k shouldn't necessarily be a deal breaker.