Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc. 

In addition, if you really want to take him off your list, google his ph# and see what comes up.

@Toben B. in addition to what Shaun Weekes said, the new property will have to be at least 100 miles from the property you are exiting.

A real estate broker's main office shall have prominently displayed therein the license certificate of the broker and all licensed persons in his employ and shall be deemed the business address of all licensed persons for all purposes under chapter 15 of Title 45 of the Revised Statutes.45:15-3.

It's ordinary income, added to your salty so you can look it up on a current taxes schedule, plus add 15.3% for the SS/med self employment.

They certainly don't come to mind (for me) as one of the major employers in the city, so I don't anticipate much impact here.

I have done some REI off and on for about 10 years but not a full time business, I have learned a lot over the years and with additional study, I mainly have experience with rentals and property management. 

Any additional debt will increase the amount in payments to service that debt.Are you asking about a 3% rebate at closing for landscape allowances or closing costs?  

I am looking to Refi the property and also acquire an additional unit.

@Doug Rich, @Justin Mespelt, what I forgot to mention was that we were also offering to pay any appraiser an additional $1,000 on top of their normal fee in order to get our appraisal done.