After assessing the property and its proximity to other investments in my portfolio, I negotiated directly with the seller.

I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).

@Renay Reese, I agree woth your need assessment.

The commercial property is located in the Bronx, NY, anyone has any referral to a plumber or technician that could assess the situation and possibly fix it? 

I’ve been following much of the research you suggested, like inspecting the property and assessing comparable homes in the area.

We went to assess it and in the morning we texted them that we are calling for an exterminator.

Each property will have to be assessed individually to see what way or strategy works best. 

Older multifamily properties, like the one you’re considering from 1920, can be solid investments, but there are key areas to assess carefully.

After visiting the property and assessing its suitability for an ADU, I negotiated directly with the owner, emphasizing my plan to enhance the property’s value.

Additionally, it’s challenging to assess the demand for student housing in the area.