There is a home warranty offered.. do you think that will cover anything that could go wrong?  

This would provide more cash flow and mortgage support (usually)Your first time home buyer credit should cover most of your FHA requirements even on a 4 unit.Or maybe just buy bitcoin and wait six months so you have more money to play with

They’ll cover this in detail.

All that being said, it is vital that you work with a securities attorney to make sure you CYA (cover your a$$) from every angle; as @Brian Burke stated, jail time is at stake.

Here is a link that covers some of the items.

If the rents you mentioned are actual current rents for the building in question then I am guessing the apts are outdated and need some work and possibly the building suffers from deferred maintenance.

@Tom Gimer Thanks Tom...in this case there are two many issues that me as the seller and my future buyer just don't understand....especially with owner financing and lead paint disclosures etc , etc.....but I will put as much in the offer as I can but it will still have wording in the offer that it is contingent on our lawyers  creating a formal sales contract in "x" amount of days....I know of no other way to do this since I lack the knowledge to cover all the bases.....but I will take your advice and get as much in there up front ...if there is a better way then please let me know

For example, if we had to suffer a larger loss, we would split that loss (according to the 50/50 idea), but I would not participate in splitting his loss of initial capital (the money he put down).

To cover myself I would like to put a policy on this property, something basic and will cover me.

I believe the reserves on the 5th mortgage and later have to include covering 6 months of  all mortgage debt - as opposed to just the one on each of the first 4.