The numbers are normalized to the ARV and the math doesn’t care.Lastly, if you are not borrowing your costs, or can somehow avoid sales commissions, then of course you can pay more, and you can’t use this rule of thumb.

They have claimed their thermostat changes temperature (ex. they set it at 72 before bed and wake up and it's 65 degrees in the morning.) 

@Fiona HumphreyJust make sure the property cashflows if the owner of the business dies and you're forced to rent to a normal everyday tenant.

Always know the trade-offs.If you do a long term rental and are OK with potentially weaker appreciation, your money WILL go a lot further in NE Raleigh, Wake Forest, Garner, Knightdale.

I am thinking why would a seller sell as is when he can sell normal and get a higher price?

The first lawyer handles anything that comes up normally in the course of business and often operates on his/her time as opposed to being the fastest.

@Jon VanspronsenSubdividing is normally easy.

Normally it is 30 days, but to be safe, I'd give them notice now and ask them to be out by Nov 30. 

Also in a normal deal there’s usually 1% or $1,000 down.

Commercial banks like to see low leverage and they love paid for assets :)But if your W 2 and a mom and pop land lord getting your normal debt those are all computer driven formulas and there is not a big focus on balance sheet.