You should definitely try to determine as much as possible about the seller's circumstances, and what business interests or other things are going on, aside from this property.

They have to make the determination of whether that premium makes sense or not.

That's a pretty big fix no matter what way you go about it, so I would do some real fast soul searching to determine if this deal will work without fixing it.

Are there other things that need to be considered to determine where the business really transacted?

Thanks, Jon, for the advice - Would the termite inspection report and the regular home inspection report be enough to determine all the repairs that may be needed ?

The cost of a rental is often much, much easier to determine.

I would surprised if I could rollover/merge four accounts into one solo401k (or the two SEPs into one solo401k).Second question is if my solo401k is about to purchase, say, 60% ownership of a property, can the remaining 40% be deeded to me personally and can I personally secure a loan on that 40% ownership without having UBIT kick in?

When that single tenant dies/moves you'll likely have some substantial repairs/code violations/moderninzing.Your financial situation would determine my answers to your question.

What I was able to do was borrow against the equity in the first house , $60,000 then paid cash for the second house $10,000 renovate the second house for $30,000 put $ 20,000 into my savings account and rent that house out I then went back to the same bank and applied and recieved a Home Equity loan of $ 50,000 , with the cash from that loan I bought a third SFH about 30 miles away in Schenectady,NY for 27,000 I fixed it up for an additional $19,000 and rented it out for $ 725 now I want to keep doing this , the loan officer did mention that if I were to form a corporation and put the 3 properties into it that they may lend to the corporation has anyone had any experience with transfering ownership ?

Assuming I have MLS access for the subject property:To get an idea of ballpark value (within 5%) to determine whether or not the property warrants further consideration: About 90 seconds.To be very confident of my value (within 2%): About 7-8 minutes.Bear in mind, I only know two counties and only very specific pockets of those two counties.