Property is a 1950's built and possiblity is there they will find such material. my insurance deductible is $5000Manu thanks for your response, Gary

Be responsive to your tenants communications and requirements (within reason). 

Thank you all for your responses.

Thank you all for the advice and responses I will keep this updated as I talk to a lender and real estate agent hopefully this week. 

Slightly worried with the listing description saying "(Property is being sold in as-is condition, buyer is responsible for the use and occupancy permit)". 

So, I wrote a response explaining how I think the appraiser made a mistake counting the below grade square footage the same as the above grade (due note that this building is from 1901 and the foundation is limestone blocks).

a dollar to anyone with half a conscience about real estate will just laugh at that.I had one guy send me a contract with a 15 dollar EM.. so U can imagine my response.. he had some BS excuse and I said well if you have all your money tied up and can only handle 15 bucks . then I am not interested.if your going to do this you have to be professional.. and EM is part of it.. not to mention if you are not closing and just trying to assign that's illegal in FLA.. so you have that double whammy

From a leverage standpoint, it would appear the best thing to do is the 25% down, 10/30, but I just worry about the potential balloon payment after 10 years if I am unable to refinance.I can afford the 45% down, but would love to be able to use that capital toward another purchase.Thank you for all responses in advance,Bruce

For example, Fannie/Freddie is pretty good at giving you at times a response quick, but others like SAM, the bank of new york, etc. may not have an answer ready.

Whereas marketing through our business page leads to my mom liking the post and someone calling us about the property 4 months after it's sold.We just get 10,000% better response from the profile activity.