33 Unit - Asking $4350000 - ( I believe I can offer $4120000)Building is %100 occupied Current Rental Income -   $400380Total Additional income  $20698ExpensesReal Estate Taxes $66,695Insurance $8,407Trash $3,534 Electric $2,375 Alarm Monitoring $666 Gas $18,749 Pest Control $1,135Water/Sewer $24,051 Landscape/Snow Removal/Cleaning $12,168Management $34,439  Repairs/Maintenance $16,000Cap EX $20019                        TOTAL EXPENSES $208235NET OPERATING INCOME: $212843Dept service  $195600There is a big rental upsideCurrently the average rent is 1042 per unitComps tell me that if I fix up units @$8000 per unit - I will be able to get $1300 average on a unit.Once all units are done over the building should be able to fetch $6m after 36-48 months 

I know if I am aware of the emotion, but don't let it control me that it'll pass and is usually followed by with a burst of motivation.

You have no control over what someone chose to list it for. 

It's REAL and we can control it.You will need two things...A Promissory Note, andA Deed of Trust.To fully answer your Qs, here are the main terms you need to agree on with your lender:1.

Any rent control from government or all free market?

If you don't feel comfortable, I would call a pest control specialist.

If I didn't have control over the project and do some of the work myself, it would've been much higher.

Hiring the right Bookkeeper, Accountant, CPA, Controller, CFO and an Advanced QuickBooks Certified is priceless.

If you buy in a park it will be harder to control your rental.

Just prune dangerous or out of control limbs, keep the grass cut, and edge if the other houses in the neighborhood typically all edge their lawns.