I believed that to be normal, but I guess I'll have to take a look at comps for the area to see whether it's below market or just in a terrible area as @Nick B. mentioned.Thanks for the reply!

(the compressor is sitting on a concrete base so I guess moving compressor will cost more?). 

And found some local lenders who can do financing at 70% or 75% ltv but higher interest rates, only if I'm desperate I guess.

From the way you phrased your question above, @Anurag Bhalla , I'll guess you were asking the wrong question since this is what all escrow and title companies do.You don't add your name to a second lien on a property.

I'm leaning towards moving somewhere cheaper and investing long distance so that I'll be in a better cash position once NY Real Estate does correct.I guess I'll be listening to a lot more bigger pockets money podcasts and reading up on Mr.

So I guess I'm a bit confused, maybe you were looking to go to into Multi family properties or something different or some new avenue of which you were doing all the research. 

My guess is a neighboring subdivision of new homes is being used and the subject property was built in the 1980s

My guess is Oakland will add more restrictions, so you should prepare yourself as best you can if you want to maintain your building's value in the shorter term. 

I guess the big thing I haven’t really gathered in this deal is have you even actually seen the property ??

I guess it depends on what the strategy is, and from a buy and hold perspective, there are pockets near the U of A that could be great deals if found at a correct price.