Good Pet owners and bad pet owners, you are probably one of the good pet owners and your pet wont cause any damage, but because bad pet owners exist and do so much damage to properties we have to charge everyone.

But to me it isn't obvious whether the existing appliances can be depreciated on my taxes since they weren't explicitly purchased (i.e. they weren't itemized on the purchase contract) by me when purchasing the bldg but they were included when I took ownership.And if the answer is yes the existing appliances can be depreciated then does that also apply to other non-appliance items such as the bldg roof or the 3 furnaces in the basement that are used by the first floor storefronts?

If we accept a tenant who is greater risk, we will require an additional security deposit, which we explain up front in our rental criteria.Some jurisdictions restrict the amount and manner in which you can obtain a security deposit or other deposits, and under which circumstances the landlord can retain some or all of the deposit after the tenant vacates the unit. 

If a property develops a leak with existing tenants and I did not take possession whom is responsible and what happens if a ton of damage or a tenant vacates in the grace period and I cannot afford the loan without the tenants income then what? 

I think it could be a great addition to existing marketing strategies. 

(I can't see how to edit an existing post).    

I think lease options there is no calculator1st do a 30 Yr amortization table on the existing mortgage Are you trying to do an assignment or a sandwich?

I checked the property records for zoning and I know the land used to have a home and a business on the lots, so I "assume" there is existing sewage. 

I don't like FUD.Obstacles exist to be overcome.

I don't necessarily think the interest rates is too high since the seller is willing to do terms, but like Joshua D. stated, I don't see how the numbers would work based on the existing mortgage.Maybe someone else will chime in and have a better solution for you, otherwise might want to move on.