While the repairs will temporarily affect rental operations, the long-term tax advantages from depreciation could help recover some of the initial financial outlay.In terms of negotiations, it would be wise to push for a larger price reduction instead of accepting a cashier's check, given the magnitude of the repairs and the expected loss of rental income during the downtime.

I don't know.So for $56,000 dollars down plus (an estimated) $7,500 in closing costs plus another $5000 in furnishings, you get an asset that produces about $500 dollars a month. $68,500 / $500 per month = about 12.4 years to get back the intial investment.  

You still need to buy the asset, finance it, and manage the deals.

When vetting a syndication, every investor will do it differently because every investor has a different risk tolerance, comes from a different financial situation and has different financial goals.

In comparison, when buying real estate you have a guaranteed asset because, unlike the stock market, during inflation, real estate prices tend to increase too so it is clear why some people prefer owning real estate over any other type of investment.While investing in a single, high-risk stock may pay off big rewards, diversifying your portfolio is key to protecting your wealth.

So, your tenant's financial situation remains stable. 

The financials are not bad: Asking price is $485K.

LLCs are for asset protection, another phone call you should be having with an entity attorney.Gino

I ultimately want an umbrella to keep my assets under and I’d rather set this up now from the start than have to do it later.

We have had people recently bid on our assets and they think its 2012 with some of the pricing.