. - Having run the numbers on several Class C properties in the Midwest (and as someone who grew up in Indiana, but is not currently investing there), I find the negligible cash flow under current conditions is not worth the risk (eviction, major capex, vacancy, etc.).

One of the complexes was over 1,000 units, I even went to see it in person, very nice, well kept, and great condition and great location.

@Steve Ford fees like "points" are really "regulatory"...they are more "market conditioned" based. 

Assessing the time commitment and associated costs will help you make an informed decision.Market Conditions: Are you confident in the stability and growth potential of the local real estate market?

Regarding your questions:1) Typically, the landlord's insurance should cover the cost of the tenant's hotel stay during repairs, as it's considered a loss resulting from the property's condition.2) If the pipes were shared with other units, responsibility might fall on the HOA to address the issue.

Writing the Contract:**It's highly advisable to consult with a real estate attorney who can draft a comprehensive contract that outlines all the terms and conditions of the seller financing arrangement.

A good buyer agent prepares the buyer for the realities of property condition and the home inspection process.

Hi Paul, Dont forget to Research the current real estate market conditions in Suffolk County, including trends in property values, rental rates, vacancy rates, and demand for multifamily housing.

The best option is to speak with an experienced Realtor and have them show you comps of a variety of conditions to see what makes sense.3.

I want to throw this out to the community to see if anyone would have some local expertise to know if market conditions should warrant a request for seller credit or break the contract.