I've never understood why some investors consider the number of vacancies on 40 homes versus the same number of vacancies in a 40 unit community to be different.Change your debt terms to 75% LTV, 5% or less interest rate, and 25-30 year amortization to have more accurate terms. 

For instance, he identified the load bearing walls when we walked the property, he understood where the existing plumbing was, and where new plumbing would need to go, he assessed where HVAC ducts were, and where new ducts would need to be routed, he understood the changes that would need to occur to the electrical system, etc., etc., and he understood the costs of all of those issues.

Understood!

I could be wrong but this is how I've understood it.

That's what I understood at least.

understood.

@LaShayla JohnsonSome of my best practices are goal setting/morning ritual. 

@Michael Le - Understood.

She then said to take a day to think about it and call her back.Am I way off base here or is this just a lazy agent, a shady seller or something normal that's only understood by "real" investors?

I have done it many many times.or like in our new construction.. any agent that brings me the lot its understood they are getting the list back..