Normally I would max out at about 160k (including remodel) for 2600 in rent.But, not the worst deal I have seen here on BP.

Go with the worst case scenario when running numbers/financial modeling unless you know 100% what the figure will be.

The worst case would be to paint it.  

These are the worst!

That have an exception in the title regarding the encroachment issue, but it shouldn’t prevent you from closing.The worst case is if the building were to be destroyed by fire or other means (usually the 50% rule is applied) the rebuilding would not be allowed unless in compliance with setbacks.  

My worst was central business district downtown type assets where land is 33-50% of value.  

Let's say worst case scenario is you lose $10k.... a lot of people pay $100k+ to go to college and come out with Art History degrees.

And the worst is that, we are actually sitting on more equity than what you estimate.

@Ian SalinasI’m a pretty small duplex investor in Minnesota, but I’d like to share my thoughts and questions which may inspire more thoughts.Get to know your local laws and start talking with a real estate attorney on what your worst case (eviction) looks like and how much it will cost in fees and unpaid rent.

There have been many, many times when the only thing that kept me going was the fact that I just couldn't let my wife down any more than I had already.I wouldn't wish what I see from my privileged position as the grief of the arrangement Kelsey is proposing on my worst enemy.