Fixing that would not be too expensive...compared with the cost of tunneling to find out where the separation happened ($$$$).Lender won't approve loan for house with foundation issues?

How much more of a factor is the market, compared to the numbers on the deal?

Thanks @Tom S.This will not be a traditional mortgage, it is a business loan and due to the debt coverage ratio they are ok with a second mortgage as long as they remain in first position.I closed on 3 units with the same lender on the 1st of October this year with my own capital. 

The cost to get a license is irrelevant compared to the earning potential.

I prefer that the seller does not go through the traditional process in order to save costs, fees and commissions and pass those savings on to me through a lower purchase price. 

But one question I have --- did you parents have a traditional IRA or a Roth IRA?

Vacant land prices are relatively inexpensive compared to existing building structures including ones that need to be renovated.As for the new rules coming in place, it just makes it that much harder to get financing from say... banks.  

In addition, it can be of great value with a hard-to-sell home, like on a busy street corner or backing to a shopping mall or something as it will attract buyers who may not qualify for traditional financing so they may be more willing to purchase at seller's price if seller finances.   

I thought leveraging with a mortgage would make the Cash on Cash percentage go up compared to paying full cash?

I like it long term compared to other western cities.