Both Seller and i would prefer if I address them after closing, but I'm wondering if the issues would prevent a conventional loan from being a possibility:The deck is definitely unsafe and needs to be torn down.There are three moldy ceiling tiles in a storage room that is NOT part of the heated living areaThere is some water damage in one of the basement bedroomsThere is some evidence of some termite damage in one room but appears to be inactive/not extensive.Does this sound like a conventional loan, as-is sale deal killer? 

Last time I bought a list from them (granted it was storage owners) they basically gave me an excel spreadsheet to download.

Can you share an example of one you are using or of things you would add for a real estate company operating agreement between two companies who will own a 50/50 stake with the goals of buying and growing in the storage arena over the next 15 years?

I own a very large RV Storage Site in Smaller Industrial Park, just North of Fredericton, NB, Canada.

@Kendall ButlerYou don't have to invest in your local market, also there are different ways to invest (rentals, private lending, multi-family syndications, self-storage and mobile home parks, etc).

I would send her a letter advising that the hallway is a common area and not available for the storage or placement of her personal belongings at any time. 

@Shane CrockettFor improving NOI, focus on reducing operating costs or increasing revenue without added operating costs.As an example, you could reduce electric usage by changing all common area lighting from incandescent to LED.To increase revenue, we added some onsite storage units to rent to the tenants.

If you are finding costs to build are high, make a smaller but super well designed unit (think storage!).

I have a 5 unit apartment building complete with a separate laundry room, utility room and individualize large storage rooms on site for each tenant. 

I drilled the well, installed a 5,000 gallon water storage tank, purchased a metal barn for $39,000 and graded a pad and driveway for the house.