Be careful.

If you don't care about income and are more of a capital gain kind of guy, prices are already high (as you noticed) and there's plenty of land available to buy so I'm not sure how much is left in the tank.

(other issue was a leaky toilet we took care of, at our expense).  

Please be careful with your posts.

Tenants may not care as much, therefore there may not be a big discount for the lack of space. 

I DO NOT care whether he drives a Toyota himself.

At the end of the day, 99% of sellers and brokers only care about your surety to close (I leave out 1% that might care about HOW you operate your deals, regardless of price paid).The fact that you have never closed a large transaction AND are not providing all your proof of funds up front and/or talking with brokers about where the money is coming from, will give them some trepidation.  

The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.

The only thing that I really care about is room on the deal.

Greetings BP community, I recently joined a national senior care living development team.