Looking at an single story 8-plex building and the numbers work, but there are a few items that bothered me.All eight units (1/1) are currently occupied, tenants are either on month to month leases or no lease at all, but they all pay on time (according to seller).It's an approved short sale, owner is the broker, and is saying tenants are getting a bit impatient with frequent visits from buyers, he wants the buyers to waive the inspection contingency, which I have no problem doing if I can see ALL the units at my own pace and make sure I know what I am up against repair wise.There are a series of buildings in a row and the tenants all seem to know each other.When I went to see the building, the owner/broker told me someone would meet me there, a Maria.

But, I am not holding my breath that I will do anything more than paint, floors and fixtures and repair the deferred maintenance items to start getting tenants in place.

Decks, fencing and landscaping are really the only major items left.

If they moved out then a general rule of thumb is you can remove the items left if they are worth less than $300 once you take possession.

Most of my shopping is done as the stuff I usually get isn't going to be a sale item.

I didn't see a single item listed that would NEED to be done in a rental.

Lastly, as you alluded to a reserve account should be set up for longer term items such as roof and furnace.

Even though taxes are one of the easiest DD items to find out(online search with the county Assessor)there are many other inconsistencies that can pop up during the DD period.

Most of that additional 4-pages contains items that a) our insurer insists we make clear to the tenant or b) the Rentalsman has decided are behaviours that, while most would consider common sense, we should not expect to occur to the tenant without explicit instruction {like, don't turn the heat off in the middle of winter when you go home for Xmas vacation}.

I have a short sale offer where the listing broker is insisting on the me the buyer to sign an addendum before he would present my offer to the buyer.Usually I have seen seller's attorney dictating some verbage on a counter.In some cases I have seen the listing broker add in an clause, typically when a short sale negotiation fee is required.But this broker is asking for a whole new page to be added into the contract containing many items.