It used to be a fitness center/ hair salon but it has been years since they have used the building.

So please DM me if you have any :) I am quoting out dry wall removal so I can put a full fridge where there's currently a little closet next to the kitchenette for some reason lol.

They know the average joe blow has that small amount of money.They want to extract as much as possible until they run you dry.This is the same in the real estate broker/agent business.They know 90% fall out of business in the first year so they suck you dry selling you everything under the sun.Stick to this forum.I don't give these types a dime.

Students are hard on houses - but not for the Animal House reasons - simply because they are young and do think about repercussions (why wipe up the water on the floor, it will dry);- inspect your units frequently.  

If you're getting a tour from a sketchy guy from a local, regional brokerage wearing a ketchup stained Tommy Bahama polo with two day old facial hair shadow, hold on to your wallet.Verbal agreements mean less than nothing to me.

If I need that kind of drama, I can ask my wife if something is amiss with her hair. 

That being said, there are tax benefits to the debt, and often having dry powder so you can take advantage of deals/ opportunities in the future leaves you better off than if you had a paid off property. 

We had plenty of lenders a year ago that would lend at 10% down on a non-warranatable condo, but they have all dried up at this point. 

(acquisition + rehab costs)When the roof is bad, you have water issues aka potential mold issues behind the dry walls.

As for C vs C+ you're splitting hairs there.