I'm guessing that they don't want to show the interior to every looky-loo so they write it that way.

I guess I'm not sure from your post if these are one time fees for the tranfer and wires or or are these with each purchase.

@Eric - It would be ideal if I could get inspected and pass; however assuming the worst case scenario I'm guessing it has been renovated with minor code violations, which is why the listed price is slightly below the comps.

So mostly my original interest was if you could do a cash out refi to get out some of #3 with having to tie it up in the new place (and I guess if you could maybe get a little bit of #1 too if the LTV worked out).

With these types of numbers and the responsibility I have with my family, I guess it's back to the traveling.

My guess with the toilet flush is that at some point the units share a waste line.

I guess when @Justin Turner described the transaction, I had envisioned a straight purchase of the property, except that the deed the purchaser receives is merely subject to the first lien interest.

More than likely you'll only see about half of the net that they stated....if you had a mortgage on it you'd probably end up in the red every month.My guess is they took the standard rent - taxes -insurance = profit sucker formula.

I am guessing you are going to get lots of different opinions from other BP members!

Since I'm new to the city I'm guessing anywhere could potentially be a great start .