Most of the time there is no cause for conflict of course, and any time that there is a rental issue that ends up in court the landlord should re-examine their screening and operating procedures to see how future problems can be avoided.  

Research those areas and examine the comps of the properties paid with cash3.

Upon searching online to find the property taxes to plug into BP Buy&Hold Calc, I found this:Sale Price Date OR Number Type Description Vacant/Improved202,000.00 07/16/2004 4388/400 08 Sales disqualified as a result of examination of the deed Disqualified (Doc Stamps Greater than .70/SP Gr. than $100) I100.00 10/15/2003 4283/428 04 Sales disqualified as a result of examination of the deed Disqualified (Multiple STRAP # - 01,03,04,07) V65,000.00 10/01/1996 2764/631 03 Sales disqualified as a result of examination of the deed Disqualified (Interest Sales / Court Docs / Government) I93,500.00 11/01/1993 2454/318 03 Sales disqualified as a result of examination of the deed Disqualified (Interest Sales / Court Docs / Government)Should we run way from this one?

When your cash flow for a year is wiped away because of tenant damage it will cause you to have to re-examine your model so that you can try to steer away from making those types of mistakes in the future. 

If you examine your agreement and title policy, there's likely a clause that addresses how 'claims by others' is handled.

The one thing is if their filters are not cleaned when they should be the cost to clean when disassembly is needed is high so make sure they are examined annually.  

@Illan K.Without more data, folks will not be able to assist you in analysing the performance of the business to see if it makes sense.When it comes to the building, budget to have an inspector and, if needed, an engineer thoroughly examine the property during your diligence.  

You should be able to find most of this info on your MLS/tax records, but you will probably also have to examine the documents included with the sales of MF's which sometimes include all the income/expense info. 

Multiply the out of pocket by the ten deals he's going to do the first month he needs about $210k to get started so I suspect he's not planning to bring the mortgage current, but I might be wrong.In my claims work I've known many agents who closed outside the box transactions, it's not because all the others weren't smart enough close them, it's because the ones who didn't, didn't want to run the risk of losing their license or winding up in prison.Some of the posts I read make it sound like searching and examining title and closing transactions is a walk in the park taking no skill, deserving little compensation and less respect. 

@Darrell Shepherd"BTW, Any buyer using numbers given to them by someone that makes a profit when you buy whether you make money or not should have their head examined.