Thank you both for your feedback...I know that there are some conversations that I need to have with the seller and Shanna your right if they numbers are right we do need to get it under contract asap...Your situation kind of sounds like mine when things do workout and your able to get the property subject 2 what method are you going to use to get the back taxes paid? 

If I had of stayed engaged in the conversation long enough, I would have asked them what I am paying them for then, but instead my response was "NEXT!"

You can also have the conversation with them if this is the way you end of having to go that the "trash" is not your and they may lower the offer.

As part of your interview process, you must ask your RE agent to give you analysis of a deal and then schedule 20-minute telephone conversation to speak with them about their assumptions and numbers.

Hard money is always at the end of these types of conversations.

I have listed some helpful recommendations for you:Meet BiggerPockets member in your area:http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you:http://www.biggerpockets.com/alertsRead Beginner’s Guide:http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts:http://www.biggerpockets.com/renewsblog/category/podcast/Forum and Blog rules: https://www.biggerpockets.com/rulesIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person.

Hello fellow BP'ers-Like many of you I have an interest in RE investing...and also work in the industry supporting RE Investors as the Director, Business & Investor Development with Evergreen Note Servicing.I've read many discussions and had conversations with many others about servicers, servicing and supporting the investor network.  

Conversely, I realize that not all contributors on BP are totally accurate either.  

I have listed some helpful recommendations for you:Meet BiggerPockets member in your area:http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you:http://www.biggerpockets.com/alertsRead Beginner’s Guide:http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts:http://www.biggerpockets.com/renewsblog/category/podcast/Forum and Blog rules: https://www.biggerpockets.com/rulesIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person.

My main questions is how to handle the 1 year notice to tenants-- I've read through the guidelines for condo conversions from the city website, and it seems like you're supposed to give tenants 12 months notice of your intention to convert their apartments into condos.