and a vital portion of my financial strategy). 

both the buyer and the seller must be equally considered, and vital for me to get the repair estimate right so that I make an offer that works for the seller..gotta study up on my numbers

However, I have litigated several cases in my state where the standard form lease from the association left out vital information such as cost shifting.

@Galvin DueslerGo to your counties vital statistics dept. and request a copy of the death certificate.

I have not walked the property, only drove by the location so I can not speak to some of those vital questions that you inquired, but the location is really good, and the structure from the street seems solid, with a newer looking roof on one of the units. 

Now you don't have to be good at every aspect you learn about, but it's vital in deciding where you want to go in this industry.

Strategic use of debt is vital, an automatic assumption that more is better in every circumstance is unwise, especially for those whose real estate investments coexist with other income, professional circumstances, retirement issues etc.We are in an unprecedented period of liquidity over the last 30-40 years.

What does YOUR contract say about purchase price, settlement date, modifications, default? 

They may be willing to work with him, and perhaps do a loan modification. 

I held off on the modification and found more qualified renters who like the property as is!