Also, show me a multi-family investment with out problem tenants at every level.

My rule of thumb at this level is 1.

My high level thoughts on the rental market in New Bedford (where the property is I'm reviewing) would be that most tenants are probably more suited to a monthly agreement, as you say - better for the flexibility for both parties.

If you are on the edge of a desert, it makes little sense to sod with {non native} grass species which require moisture levels above and beyond what Mother Nature supplies.Even way up here in the north east, we do not landscape our properties with non-native species - particularly non-native grass species and ornamental shrubs - many of which come from warmer climates further south and can be high maintenance given our winters and their lower resistance to {native} weeds and insects.

The licensing div. of your State should have some input and the ability to effect some level of response.  

Greetings All:I have an opportunity to purchase a former one level 28,000sf school (one level) block built in 2 phases.

If you weren't clear on your finishes, he may be assuming a much lower level of quality than you were.

I would want to be my own property manager which doesn't scare me much as I have good people skills and good maintenance skills.I'm concerned about getting financing at my age and at my income level.

They will require a personal guarantee.Non-recourse debt is at higher loan levels.2 years from now might not be the best time to buy commercial.

You can control insurance expenses by adjusting your level of coverage.