Property Location: Moss Point, MIssissippi32 unit complex4 buildings sits on 2 acres and all units are on the ground floorAll 1x1 units (Market Rent: $500/mo) 60% Occupied ( most occupants are long term social security recipients ) Per the seller (seller from out of state) all vacant units just need cosmetic rehab to be market readyPotential Gross monthly income: $16000 ( all units rented and are paying market rate) Current Total Gross Income: $7400 ( due to vacancy and residents paying BMR) Current Monthly Expenses: $1941Monthly Note Payment: $3419.43Asking Price: $660,000Seller Finance Term: - Seller wants to be cashed out for the amount left over of the loan balance ($295,000).

We (the title company, me, my agent, etc) haven't received a response from the HOA regarding the current outstanding HOA fee balance. 

Furthermore, if the seller or buyer were to come after anyone I would be liable, I wouldn't be properly protected, put my company at risk, and Zip forms are proprietary documents with an intended use, and the California Association of Realtors could come down on me for improperly using their documents.

So, commercial loans are kept on the bank's balance sheet.

A new HVAC system properly installed & maintained should last around 15 years.

In the future, refusing to move something should be a red flag, and if you cannto properly inspect something, just factor full replacement cost into your price.

@Shanae Williams have a game plan for your rehab timeline and exit strategy and follow it strictly.A lot of people buy their first house as an "eventual investment property," get comfortable, end up staying there for years and never make it a rental property like they initially intended.Great idea if executed properly.

Seems to be a great idea if properly managed.

I'm still trying to learn the proper way to research market.Originally posted by @Ryan Cox:@Jason Ma  Good question! 

I believe that while it's no taxable event to transfer your title into your Entity, transferring your property title out of your entity back to you may cause you to get taxed for the balance of the loan or at least the principle part.