Since it was a family loan we were able to offer cash for it and the buyer worked with us instead of the other higher offers.

I knew the basic concept that I wanted to offer to tenants, so I was able to find similar buildings with space for rent.

It is really hard to offer specific advice without knowing the current state of the property.

@Lina Bibikov I'm sure you'll get lots of advice here, but I've never been a fan of assigning debt to a property just to buy more property with more debt...easy to get over leveraged and kill your DTI...limit any more loans for some time unless you have healthy cash reserves or take on OPM...There is more too this...and as a side point, I think most of us would need to know more about the deal to offer an informed response.

See what they have to offer you!

A seller does not have to offer any cooperation fee.

How do you determine what amount to offer on a distressed/abandoned property.?

Been on the BP platform for a while now but haven't really taken advantage of all it has to offer... until now! 

Just thinking worst caseEither way I think you’ll have to offer a discount on the LTR rent in order for tenants to tolerate having STR nuisances on premise

A mortgage Broker will be able to find you a great deal while only pulling credit once, and will typically (not always) have significantly lower fees than a bank and will be able to offer more lender credit toward closing usually.