I am fairly new to the forum and have been doing a lot of reading to prepare myself for my first deal.

I also handled all the paperwork including tax, insurance, etc.The condo was in fair shape, but many of its components were dated.

What would be a reasonable discount request on a property looking at structural foundation repairs to include some re-grading to prevent repeat issues, potential mold treatment, window replacement (total 20 windows).I believe in being fair to both seller and myself and I keep hearing and reading (as I went online and started researching this as I wait to get inspection report), I keep hearing that in this market most homes will have some kind of foundation issues and that should not be a deal breaker.What other advice would you give.I do like the home, it has great curb appeal, but I believe in the say, “A home without a foundation is not a home”, so I do want to be careful not to be taking on a home that will leave me stuck with a hefty bill.I plan on continuing to do my research throughout the day as we wait on the inspection report and will eagerly also await any comments that group members can offer to help me make my decision before 12midnight tonight.I hate to lose this home, but I also hate to take a risk that may leave me with a hefty bill down the line.Any comments will be appreciated, good, bad, ugly…… brutal honesty, I will take it all with gratitude.Thanks.

Ensure there are no hidden fees!

You think they would at least explain to a host what is needed to get compensated fairly in the first place.

I have tried with two smaller lenders(National Bank of Arizona and OneAZ Credit Union) and they have both dragged it out for several months before deciding they wouldn't do the loan for what I perceived to be fairly silly reasons(Management didn't like that the tenant had only been in for 1 year, Management didn't like that the structure used to be a residence, management didn't like that 3 years ago I took a loss in a completely unrelated business etc.)I am hoping that someone out there has had some success purchasing or refinancing commercial property like this in AZ and can put me in touch with someone who actually completes deals like this.

@JEFF D. wish I could be more helpful to you, I have bought and sold 2500+ units and never had to do a Phase 2.As you finish out your due diligence period, and assuming you will sell this asset at a future date, a Phase 2 could limit the number of buyers in the future so give this 12 unit deal a real close look to ensure it is a solid deal.Good luck!!

I would like advice and or examples of  fair and equitable agreements that I could use in my discussions/negotiations with him.

I'm a fairly new investor looking at multifamily in or near Richmond, CA.  

@Chris Paul Not sure if you negotiated with the tenant to pay half the deposit or if you're saying the PM is going to pay the other half, but I would strongly encourage you to ensure the tenant is paid back all of their security deposit PLUS interest within 45 days.