As great as the Internet can be, I think learning from someone with experience in person is the best thing for me.

I have submitted all the paperwork and now waiting for a close date.

IF, FOR ANY REASON, SELLER (A) IS UNABLE TO MAKE THE TITLE INSURABLE OR CORRECT TITLE PROBLEMS OR (B) IS UNABLE TO OBTAIN TITLE INSURANCE FOR THE PROPERTY FROM A REPUTABLE TITLE INSURANCE COMPANY AT REGULAR RATES OR (C) DETERMINES IN ITS SOLE DISCRETION THAT IT IS UNABLE OR IT IS ECONOMICALLY NOT FEASIBLE TO CONVEY GOOD AND MARKETABLE TITLE TO THE PROPERTY INSURABLE BY A REPUTABLE TITLE INSURANCE COMPANY AT REGULAR RATES, AT THE CLOSING DATE, AND SUCH CLOSING DATE IS NOT EXTENDED OR OTHERWISE AMENDED IN THE SOLE AND ABSOLUTE DISCRETION OF SELLER AS SET FORTH ELSEWHERE IN THIS AGREEMENT, OR (D) DETERMINES, IN ITS SOLE DISCRETION TO DEEM THE AGREEMENT NULL AND VOID IF REQUIRED BY APPLICABLE LAW, AND/OR REQUIRED BY ANY EXISTING CONTRACT OR AGREEMENT BINDING UPON SELLER AND/OR THE PROPERTY, INCLUDING, WITHOUT LIMITATION, ANY AGREEMENTS WITH THE PRIOR OWNER OF THE PROPERTY, ANY MORTGAGE INSURER OR ANY MORTGAGE BROKER, THEN SELLER MAY CANCEL THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT BY WRITTEN NOTICE TO THE OTHER PARTY AND THE ESCROW/CLOSING AGENT.

The interior needs no repairs and is just slightly out of date.

Are there any issues with his apartment that would lead you to believe that the maintenance expenses will be signficantly higher than the other units or is it simply dated/messy?

Seller is holding tight on the offer date...seller's market here, but you never know if you don't try.Venturing into loaning money or JV with others though so looking into how that works.

Interest at the default rate of interest from maturity date, late fees, attorney fees and other costs will be assessed and continue to accrue until paid in full.I am headed to the property this evening to see what I can find out.Best Regards,JK

Gives some general physical characteristics, date built, how many rooms, ect.Residential Cases.

They either didn't have a design person on staff, or they wanted to design it for me and do all the work (can't use my own contractors).I'm trying to find someone I can pay to come and tell me what to do to a home to bring it up to date.  

I've eliminated 65% of my water problems (mostly thanks to the rare useful comment here, none of which come as a result of some pompous prick talking down to me on the internet), I've made the properties much nicer for the tenants, and increased the property value in the process.Originally posted by @Tyler Weaver: If you cannot fix the water issue in the basement perhaps the easiest fix is to not offer the basement use as common area for the building.