If there is an appreciable amount of time left on the lease that prorate should have been credited to you.Review your closing documents--it's possible you may have gotten the credit under a heading you wouldn't have expected.

Small nail holes are also wear and tear, so you only charge if there is an obscene amount of holes or large holes from something else.I don't have a reasonable life for carpet off the top of my head since I don't have it in any of my units, but I think the reasonable life is 10 years.

For instance because seller thinks their complex that has low rents and needs work is worth what the town has it at, which is assessed on the high side of the market and doesnt take into account how commercial multifamily is evaluated.

I'm trying to get my head around it and it's not really clicking for me.  

I like where your heads at on this one but I think it may be a difficult prospect in my market at least. 

This question here is based on can I get seller financing from a friend of a friend who's going to sell me the home because I think I can rent it and cash flow it so the answer to that first is once again you're headed on a market that's going to fall or correct back so it better be a great deal.

Just a heads up* I tend to lead my community to doing runs-jogs-walks.

Well, I can tell you number one I wouldn't take a property down in the high side of the market even if there was a large amount of cash flow and the reason why is we're headed off a cliff brother.

With such a head wind coming from getting a commercial loan you may want to look at non-qualified mortgage products like debt-service-coverage-ratio loans or possibly a HELOC.

(I do moderately stupid daily so I am less concerned about that.)Thanks, AndrewYou hit the nail on the head, avoid doing anything "outstandingly stupid".