Another concern is, if the property is occupied (95%), it might take 6 to 18 months to let the current occupier get out the house.

Future months would be the main concern for me. 

One area of concern we've come across is the tendency of these companies to include some language in their contracts that would absolve them of any responsibility when acting outside the law.

I haven't heard about it yet.I am concerned about the 5 percent possible down-payment.

That would be my biggest concern, since you only have 1,800/yr of Capex reserved.  

Unmetered are always higher and the city currently isnt installing meters due to lead concerns.

My wife and I have concerns about the liability and putting the pool maintenance in the hands of the tenants.

Our concern is his connection to previous seller, him having his daughter in another unit and his really low rent AND him having his maintenance equipment on the property.Thoughts or any additional questions you have before giving me your thoughts!

If you already have a good local bank relationship, then you just need to confirm if they specifically have any additional concerns with the condo financing.

@John SmithUntil 1982, private offerings, which are exempt from SEC regulations concerning investment offerings in general, were accomplished relying on the general exemption for private offerings.