I don't know what your expectation is, but I live in Cincinnati, which is typically considered a "cash flow market".  

Typically if you put 25% down you do get better rate assuming you have a 760 or better fico.

It's not that big of a problem if the zoning allows for 3 units on a property of that size, however in most cases like this the conversion would have been done illegally or at the very least is no longer a conforming use.The shared water meter is pretty typical for multifamily here in Tampa.

@Allen Higbee Guts always make me nervous - there's typically a lot more reno required than most models suggest, which usually kills your ROI.

Usually a buyers agent expects to split the commission which is typically 6% so in my opinion he should only be asking for a 3% commission.

Pretty typical situation honestly.

For rentals, you’re typically doing long-term conventional type financing.

This is typically raised from investors and it's used to close on deals and to operate the asset(s) after closing. 

Even though the lease states this, we typically pick up the first clearing of drain.  

On the typical value-add I've seen, people are pouring about $10K+ per door into upgrades.