I am concerned because in the agreement it states that is the seller "refuses or fails" to pay the commission, that the client (me) will be responsible for paying the broker.

My main concern here is structuring the vendor takeback in a fashion that benefits both parties in order to make the deal happen.

I found this deal on the MLS and negotiated 6k in seller concessions to cover some small structural concerns How did you finance this deal?

It is other investors (professionals -often sharks), who would be my concern in a deal like this.

I'm concerned that I'll pay a bit more in closing fee.

Their only concern was I was also changing them from annual leases to MTM and they were afraid I planned to increase the rent again in a few months or evict them.

my biggest concern with the relationship going forward is i want both of us to be legally protected from hurting each other. so how can i do that?

Something else that concerns me is that I am self-employed, and new to it as well, so I fear I most likely will not be able to qualify for traditional financing to buy properties.

Not a big concern necessarily, it could indicate some upside in rents.

My primary concerns are: it’s a rather small town and I think somewhat limited applicant pool to fill the units. the current owner pays water and electricity - I’ve asked for recent costs which the realtor is in the process of getting but it did not sound like a substantial amount.