Discuss with your lender your financing options, particularly low downpayment options.

thx experts There are certainly a lot of factors that go into the decision - keep in mind to there are multiple options with no prepayment penalty, so while there will be costs associated with the refinance - a no-prepay-penalty loan to purchase (at low leverage) can make a lot of sense as you can refinance later when rates inevitably come down, but don't have to time/guess when that is

Milwaukee has not been easy to BRRRR for the last 3 years: with ultra low inventory sellers just did not have a need to give a discount for condition.

On the one hand, floating rate loans are "normal" in this space.On the other hand, when rates are at a 50 year low ... where the heck do you think they are going to go?  

The east side is mostly industrial and low income housing.

If it's even decent $40K seems low.

They make after market guards that can go over the baseboard heat.

Thank you @Nicole Heasley Beitenman and @Bonnie Low!

@Deonte Hill- thanks ....assuming the property will be a  1 unit  investments  proeprty - there are loan programs that allows as low as  15% of price as down payment ...( so  30K  would be needed for the  down  in your  plans)  ...if you plan to  buy and  live in the property - there are many programs  that allow less than  5% of price down payment .   

Then, be aggressive about negotiating with the seller two options:1) Property vacant at close - you pay original agreed price2) Property NOT vacant at close - you pay orig price LESS an aggressive amount based upon above.Great advice - you should be embarrassed about how low the offer is you make!