Over 7000 sq.ft. lot in very good condition.

What are current tenants, leases, condition, and available financing like. 

So, before you contract, you need to work backwards, find the market value of the property in good marketable condition, then start subtracting the costs of repairs, holding costs anticipated, transaction cost and desired profits to get to your buy price. 

Each is valued separately in time and in the market under similar conditions.

@Chris Cambridge are these conditions something that you have experienced or are you a lender that's able to do this type of refi as this deal actually meets all of these requirements.

They pull 3 active and 3 sold comps in addition to completing an interior evaluation of the property with an initial breakdown of needed repairs to get the property in resalable condition.

It is not rocket science, I will testify to that, it is a skill that someone can not be easily achieve, just like any other skill, it takes time and experience to achieve.Verbal price is a ballpark figure, I give verbal price when someone asks for it, if they like the price, I put all my terms and condition on paper, caps, insurance, license numbers, line items.

A number of our clients are taking full advantage of these conditions.  

Small multi units in less attractive areas and conditions provide better revenue streams. 

Above information which you would provide to the bank in a loan application would be sufficient for them to decide under what conditions they would finance your project.