Pay attention to the water surface area, and trap size.

I will know more on the condition of the units and the building next week, but on the surface this seems like a logical deal.

I would be careful with this property, on the surface it seems like a deal, but the fact that the sellers are having trouble means that they are too high and you may be purchasing too high if you offer $225k.In your situation I would offer as low as possible and have them counter you and negotiate from there.

You want to look at electrical, plumbing and heating to see what updates have been made.Once I owned a 1926 house which had the original kitchen which was a wall hung sink with a drain surface on one side of the sink. 

Of course, I realize that analysis isn't even scratching the surface, so any info on the area would be much appreciated. 

I just started to scratch the surface reading as much as I can and listening to the podcasts of this website.

Trash in containers properly contained.Cars parked on solid surfaces,, not the yard. 

The numbers certainly sounds great on the surface, we always like to look at the population demographics and the unemployment rates in the area to ensure they are moving in the right direction for long term growth.

We put recycled solid surface counters and upgraded from carpet to hardwood and rubber tile for the basement. 

I know I'm not providing enough data points to fully analyze the deal but on the surface of it the deal looks terrific.