Anyway, out of respect I won't post those details in this venue.I will only say that their justification kind of made sense, but I am still not totally clear that that entire figure is warranted.

Does it say in there that she represents/warrants to you that there are no liens on the property?

So if the defect warrants the price reduction, I bet the seller will be willing to listen. 

I typically do a quick back of the napkin calculation without using a spreadsheet to give me an idea if it warrants a deep dive.That being said this is a great resource for deeper financial analysis and pro forma templates https://www.adventuresincre.co... 

Read, read, and read....and then read some more....and then formulate very specific questions that show careful forethought and present enough detailed info regarding your specific situation, to warrant careful and considerate replies.Often times, my questions are already answered in post that are years old.Welcome to the amazing world of BP forums!

@Rosaria Pipitone we have been using the same lease for the past 13 years as we simply modify as laws change and learning experience warrant a change. 

I understand the function of reducing the income by expenses but why would your 20 unit warrant a 5% CAP and mine only hold a 9%?

Usually, the break even point tends to be about 40 lots before a full time manager is warranted.

Purchase price and actual location would be nice :) If it’s a condo that actually allows STR then the mortgage will be “non-warrantable” which brings a whole other mess of worms that are possible to navigate but it’ll make your profits go down pretty quick. 

I'm going to figure out a color coding system, perhaps with different symbols on the map as well to indicate whether it warrants further diligence, and whether I've seen it, driven past it, or only seen the listing.