I've been on BP for a month or so now and I've learned a ton, so I thought I'd thank you all and formally introduce myself.

@Sharda Brown cross the border into nw Indiana.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

We want this to be a formal loan and make sure that it is set up correctly and is also easy to manage.  

While the deal was 10K at signing, 5K per month, 10K on 1st anniversary the formal payments were 9.5K for ML at signing,  5K per month for lease, 500 at signing for option,10K for option at first anniversary. 

I was thinking about jumping the border to RI where Real Estate is a little bit more affordable.

I want to know what the state regulations say about someone that purchases a home (me in this scenario) with no formal knowledge that meth was used/made in the home... cleans up/rehabs the home?

With that said, you are on the border of many great suburbs and close to shopping, outdoor activities and freeway/transit access.

I live right across the border in Indiana (Crown Point).

@Ryan Cox do you think proximity to the Canadian border would have much to do with rental markets?