Mainly because I'm unfamiliar with them but also for the potential for something to go wrong and me not have the means to repay it in the short amount of time necessary.

If you can make repays and the numbers still work then your good.You can walk the property and look at pictures for big issues but you should get a property inspection done and bring in the appropriate contractors to assess and estimate repairs for any issues. 

In addition to compensating you for closing the deal, the acquisition fee also repays you for the various upfront costs you had to foot.

Your property is located in NJ and there are a slew of unique landlord-tenant laws that you have to abide by.

This unique renovation will add the modern design that we pride ourselves in bringing to each project and our communities.

Shelby - thanks ....you may need to increase the down pmt to 25%  as many lenders ( not all )  have a maximum  75% ltv  for investment 2-4 family properties ...if you havent already done so - locate a lender to work with / get  specific assurances  on what they can offer and  get  pre approved and  ask them whatever questions  you have regarding this  specific property ......(  due to the uniqueness of the property - you might  try locating a lender thats local to the property in question )

However as a New Zealander who has lived in a few countries I find American laws and financial systems to be uniquely flexible and easy to take advantage of. 

Deandra;Your question answered responsibility for the issue "weather-caused power outage" - so in your mind, it was weather caused, which is an "act of God"Yours is not a unique issue, happens all the time and it looks like the management is handling this properly.

I’ve got a unique story !.

You have a unique advantage that most of us don't.