You'll be wasting your time & theirs preparing a contract w/ an inspection contingency.  

For example, if I can run water/sewer and electricity out there, insulate the walls, add some windows, drywall, finishes, and appliances for $30k-$50k, that's less than any unit you could buy anywhere in Portland.  

If she does not get to that point you are wasting your time and need to forget it all together or move forward without her. 

In addition, the individual offices were of the old style were the office walls were something of a flimsy somewhat portable walls.

I recently was in an auction house that looked real good, no holes in the wall, fixtures not missing.

@Joshua Sclafani - The LLC will only act as a protective wall for you if the properties are also owned by the LLC and the rental agreement are with the LLC.  

Id like to complete one property and be able to roll right into the next so that we don't have any time wasted in between!

The kitchen is dated and there is ugly wallpaper on the bathroom walls.

While you're right that a lender isn't going to make a conditional commitment with no specific property CRITERIA, a good lender will help sort through some scenarios and help you determine your qualifying amount in each.From the sellers perspective, I think it really comes down to not wanting to waste the energy of getting the home shown (which, in a lot of cases with multi-family properties, includes giving the proper notice to tenants) unless they know the person seeing it is actually capable of purchasing it.On your end though, speaking with a lender will also help you avoid wasting any time looking at properties that simply won't work.Feel free to reach out with any more questions!

@Michael Kresloff is the asbestos in the basement the asbestos tiles on the floor (very common here in CT) or is it in the walls/ceilings?