And to answer the question you asked (not my rant about the question you didn't ask lol) if it will qualify for 100% is dependent on condition.

Multifamily 2-4 unit properties are incredibly rare in our region, and are probably the most competitive asset class in our area due to the low number of them that exist.And the ones that due exist, often will not pass FHA condition requirements.

I don't know what's going to happen and I am keeping an eye on the changing market conditions because like everyone I am expecting a correction. 

I'd want to know a lot more..............age, condition, type of tenant, PM etc.

You will be returning the apartment to the condition it was in before they lived there so make sure to charge them accordingly.Depending on the strength of your lease, those fees can come out of their security deposit and anything above and beyond that should be billed to them.

If I get deep into a deal, I analyze it further, including physical condition, full financial analysis, etc...

Vacancies mostly depend on how improved is the property - condition.

Hi Chris, The seller wants a full price for a far less than ideal condition.

I would say, this is not a rounding error.In the above I am not including the additional $300, I was asked to pay so they can get my property in a rent-able condition.

Found out the plumbing was in very poor condition for 1 unit but tenant didn't complain until after sale had gone through.