Asbestos fibers are very light.

That keeps them from frivolous calls like light bulbs and such.

We own an out of state 45,000 SF multi-tenant light industrial building in Texas (we're in California).

The 2 day training was all pressure tactics and they use your emotions to get you to sign up for the expensive program which was held in CA where they present on a huge stage with lights and music with a party atmosphere.  3 days of partying and only enough content to demonstrate some possibilities in RE.

The closing costs are light.

they are paying far under market and cash flow would depend entirely on raising the rent.I'm sure I'm forgetting something, but I was hoping the collective BP hivemind might be able to shed some light on the further risks or implications of thus newfound info on my prospective duplex.thanks in advance!

@Juan Rosado I agree with @Caleb Heimsoth Find an agent who owns/invests, you will see light and day difference.

I do like the thought of the 50% phantom loan, but not the idea of the 3 year occupancy requirement.Anyone with experience or knowledge that can shed some light?

Heavy in the morning and light in the evenings or vice versa.

If your property sat vacant for 6 weeks and just needed a quick and light cleaning prior to the move in would you expect the cleaner to back out and do the work for free?