I am going to add into the inspection objection a point about the water heaters being original and likely to fail soon, along with full AC/furnace service in an effort to reduce the risk on those fronts. 

Originally posted by @Liwen Gu:So I was thinking about setting up a LLC for the next rental property I buy, to add some separation between my rental and my personal assets.

Tenants are still responsible for the unit rent until a new tenant is found, or until the end of the original lease, whichever is sooner.

Originally posted by @Terry Lao:@Alexander FeliceAre you looking to move because of location or due to job opportunity?

Then you gotta make the call to move ahead or not.To answer the original question of negotiation, I tend to be agressive with my first offer, it is the job of a real estate agent or present all offers.

Originally posted by @Egan Lohman:Hey @Charles Lewis Pinto - If you plan to invest out of state, you should start by reading David Greene's book on long distance real estate investing.

Originally, we'd planned to include him as an owner of the TIC (but not have him on the mortgage as we've already applied for it and gotten approved).

Originally posted by @Ronald Starusnak:Maybe you can offer a Sub2?

Originally posted by @Alex Bekeza:@Mike Sands You can absolutely do a cash out refinance and use the proceeds to renovate the property.   

Originally posted by @Chris Seveney:Save up and start learning while you save.