Without going into a long winded answer, it sounds like your main concern is that the balance was increased by 25,000 which put your in a less equitable position.

Hi - I do commercial projects mainly, but happy to share some insights with you, I moved here a few years ago from California, you will love it!

I will need some help regarding a variance for a non conforming unit behind the main property. 

@Jorge RuizI feel like the seller's main focus is flipping houses and the 6 month free prop mgmt service is just an add on to sweeten the deal.  

I live in Riverside County as well, so Southern, CA is my main area of focus for investing. 

My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.  

Dealing with people being the main challenge.

I take all complaints very seriously and had my plumber clear all the drains from the main line (>$200), and they then complained about noises, smells, etc.... 

I am in the process of buying my first multi-family property with the purpose of house-hacking.

My main goal of this thread is to find out what has worked or currently works for investors in other areas.