Historically it was used as an office for the previous building owner. 

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

(probably the biggest key).

Follow the lease, letters from lawyers, see her in court?

Hi Folks - Thought I'd make this a sticky in the "New Member Introductions" Forum. 

Knowing and following landlord-tenant laws will help you avoid 99.9% of the issues that people think they need LLC's for.

It strips away the clutter and lets you focus on the essentials.

That sounds pretty normal for the area.

You found the right place for information.

@Maegan Quaife, Of the 4 prongs of the Internal Rate of return 2 of them are very high for you - cash flow and amortization of the loan.