Certainly hope those last 2 sentences are not misconstrued as defending the agent again.

@Tom Gimer, thanks for the info.He's not getting out soon. his parole got denied, sentenced full term.

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.

Yeah, that last sentence is the whole point.

I think you'll find something useful in the area regarding finding management, it's probably the most valuable sentence or two in the book. 

Read that last sentence out loud. 

I am long winded and most people don't bother to read anything longer than 3 sentences on a forum.

Your last sentence is what this is all about, in my opinion.

@Kris Langlois How can you say the landlord "won" (in this case) and in the same sentence state that you don't know whether he recouped his attorneys fees and lost rent, totaling $14,000? 

And your last sentence is so true.