I am current in the process of negotiation for a 4 unit 1bed/1bath  property seller is offering owner financing or full cash payment here is the run down and give me your opinion on it .asking price is 62,000( accepted 60000) 30 percent down7percent interest5year balloon(paid cash or private loan )10 year amortizationcurrent total rent (all 4 units total)=1350dollars a monthall utilities are paid by tenants (electricity and water),no grass to be cut (all concrete)now I plan on managing myself even though its a 3 hour drive from me(plan on getting local handy man to take care of maintenance when needed.note this is in a military town.but it does have a diverse population with job opportunity other than the service.I will like your 2 cents on this deal..another thing the building is made from concrete blocks(don't know how that affects anything..just threw that in there),,thanks

If the steps are painted I would repaint at least the front of them, are they painted concrete?

I guess I'm ok with it if it is within codes and not some piece of #$@# chicken wire "fence" that someone's buddy put up once and will now do for them, concreted into the ground.

You just complete the sitework/utilities/concrete and they set them with a crane. 

Side entrances - I am considering replacing the dilapidated concrete side entrance steps and landing with a conservatively styled wooden staircase and a small wooden deck landing with railings.

Replacing carpet with vinyl hardwood, interior and exterior paint, replace A/C unit, minor concrete work etc.

So your trying to buy 100k properties I am buying a 100k car.. and the salesmen is selling me a 100k car. and I assume he is making a commission.. but not the normal care sales routine but very professional and polished.. so that's what I am saying get professional and get poslished know what the heck your doing then send out your mailers and close the heck out of them and make a bunch of money.

We would have them sign the lien waiver which basically says upon receipt of the $250,000 for september......That way if during a project they do not pay say the concrete guy, you are protected.

Unpermitted driveway, unpermitted fence, unpermitted backyard concrete deck, unpermitted tiki hut, illegal plumbing, electrical in the tiki hut bar, zoning violations etc...The city has an active fine and lien, with a daily fine for years.

I am going to use some low cost value adds like higher ceilings and possibly stained concrete.