There is a jut out wall where the fireplace is, and I am considering painting it black or dark grey (and the rest of the walls white).

Otherwise you're wasting your time putting in an offer. 

For those not in the industry the reason lenders wont go that low is  really simply a math problem.. if they have to stick to their pricing sale 2 and 12 or so and its a 30k loan.. thats a whopping 600 in points and very small amount of interest payments which are always shared with teh investor or credit line or wall st guidance line they have to   HML make money on the delta between what their capital costs and what they can put it out for.. then you have defaults the cost in many of these Eastern states and time lines to foreclosure is hugely expensive and time lines are forever.. so if your only making 1k or 1500 on a file and have to foreclosure you just lost a bunch of dough. it takes no more time or effort to do a 500k HML at 2 points  10k of revenue to lender and the delta on interest of course is much nicer.

I was used to hearing some CPAs say 90% building and 10% land, or even 80%/20%, but his argument was that because I own walls in for the condo, that 100% of my value is depreciable.

. :-)This other thing I've seen this twice so it must be common......handcuffs or shackles bolted to the walls.....

Go through my posts for the past year or however long I've been writing on BP because my posts cover subjects fairly extensively and many would work great for subjects at meeting.I've been to many REI, REIA and homegrown meetings and most are a pure waste of time because everyone talks about too many subjects.

I wouldn't want to waste their time as I'm sure its exhausting holding someone's hand through things like this but it would speed things up and cut the learning curve for me.

Total cash flow is 183 currently renting for 2050 which is high for my area but not too high for the property in general it is in a very nice neighborhood but here are the issues.1. it's on a flood plane and it did have minor flooding while I lived there it didn't get in the house but did damage dry wall in the garage and had to replace insulation in the crawl space.

Total cash flow is 183 currently renting for 2050 which is high for my area but not too high for the property in general it is in a very nice neighborhood but here are the issues.1. it's on a flood plane and it did have minor flooding while I lived there it didn't get in the house but did damage dry wall in the garage and had to replace insulation in the crawl space.

And as @Jaron Walling mentioned, if it was a rental or a flip would make a big difference, as well as the price range.