If that's the case, I'd go with the 30-year fixes and shield yourself with proper management and insurance.As for the "classic" problems -- asbestos, lead paint, etc., that's what you get in the northeast.

You found one that will, and maybe those fees help them "stay in the green" on their balance sheets for those loan sizes. 

As long as you stay within the guardrails of this general strategy and consult proper legal and professional advice along the way you will be fine--Again with my post, and I may get flak for saying this, but a lot of people are actually hurting you more than helping by saying that you need to have everything figured out before you get started.

I consider our laws to be fairly balanced between land lords and tenants. 

Definitely a balance between the economics and soft skills.

Ummmm...yeah if that's what its properly called.

I'm not sure a new proposed lease, even though it's clearly stated that there is a new rent amount, would hold up in court as qualifying as proper notice. 

Basically the property owner / seller is the bank You put down 10-30% he holds the note till it’s paid and you pay 6- 7% for the remaining balance over x amount years .

I have a spreadsheet to track how much I accrue/set aside each month based on the rents I expect to have coming in.My banks let me have these accounts for free with some nominal minimum balance requirements.I have separate accounts for:Working Capital (main account, rents come in, mortgages go out)CapexRep/Maint/VacancyTax/InsuranceCashflowTenant deposits (for self managed properties)https://www.amazon.com/Profit-First-Transform-Cash...

I write the contract, get proper disclosures, forward to title company and just make sure all parties follow their deadlines and get to the closing table.