Its unfortunate people don't have a BS filter because I'd call total BS on any deposit required prior to seeing it let alone $320 in legal documents for a rental. 

If you are buying and holding then the nets to work into your analyses would be: (1) mortgage, (2) maintenance fees, (3) property taxes, (4) homeowners insurance, (5) water bill, (6) property manager if you do not intend to manage it yourself, and (7) future property maintenance, suchas roof & painting, and concrete.  

@Mike Hurney,thought about and tried that more than once....under water between 10-15k everytime I had my realtor buddy call in favors to bank appraisors 

More importantly though I think, I have several friends I can lean on who are commercial developers who can help build out a pro forma to filter leads when they come in.Big picture, I'm wondering how you might recommend approaching commercial property owners with direct marketing??

The asking price is just a little bit more than the land is worth plus improvements such as, water hookup and sewer hookup and electrical not counting house.any rate, we can come up with the difference plus down payment of course. the house the seller and I agree, its not forgettable.

The drain backed up and downstairs toilet overflowed with what smelled like sewage water.

Needs new roof, kitchen, water heater etc? 

This is a duplex with one water meter, and we had submeters installed to divide the cost between the tenants, and we bill the tenants.  

These faucets don't always turn on or the faucets turn on when you don't want them to; the water temperature is either too hot or too cold; and the water always comes on full blast.

You get the perfect baby clothes, the perfect diapers, research and buy the perfect food, videotape every second of the baby's life.By the third or the fourth, you're just lucky no one has stepped on him/her and the baby is at least partially clothed and is getting food and water.