I'll use an example with similar numbers because I want to truly understand the reasoning here:On the high end, the interest rate would sit around 5.75%, at the cost of -.125 points (ultimately resulting in a lender credit of $164) and a P&I of $766 per month ... on the low end, the interest rate would be 5.375% at the cost of 1 point (around $1300) with P&I of $735 per month.Given that info, this is to say that if I planned on holding onto this property more than 42 months (that's $766-$735= $31 per month... then $1300/$31=41.94 months), then it would make financial sense to pay down the percentage rate up front at 1 point because beyond 42 months, I'd be saving money every month...

I’ll do that.

I usually buy them rent-ready, but I'll bet there are some investors out there who would love a condo from a wholesaler.  

I'll be there tomorrow night.

Starting my list now, but if anyone has a recommendation I'll definitely check it out.Thank you!

I'll send you a direct message in case I can help.

I think we already hashed this out the other night so I'll not go into more detail here.

Allstate is a different story for me, I'll never use them again.

He said multiple times that this is the price and it will not go up.Using this information, knowing I'll have to pay $3000 and have a rental-ready unit before October, I decided to go ahead with the purchase.Fast forward to today, his boss (the company owner) shows up, and says that after cleaning the sewer line a bit, he's able to see there's a lot more problems than what they previously thought.

Thanks Doug, I'll use your advice and see where I stand.