fbclid=IwAR05-0Xuwjebj9w1pEIOcRAi3br2g7l-Swtlr5tRUi0YqlX5__PRAR5UWUcGreat for all parties involved! 

When I lived in the same building as the tenants it was a bit much as far privacy is concerned, for all parties.  

Be sure to go at least 10% on Cap Ex Reserves since, as you said, there is a lot of deferred maintenance.Also, be sure you get an accurate, 3rd party appraisal that supports the sale price. 

Her plan is to sell this spring and she is leaving it to all interested parties to present an offer.

Late to the party, but want to learn more :)

Crediting your commission to the purchase will typically fall under the same category as a seller credit since it's a concession from an interested party (IPC or interested party concession).  

Material misrepresentations or omissions on the Application will constitute a default under the Lease or Rental Agreement between the parties.

That part is easy - makes money clearly.

I'm really excited to have my first interested party.

And with all other aspects of the due diligence completed, all parties were anxiously awaiting this appraisal to come in.