Assume buyer looking for CASH FLOW.

Seems like that commenter missed the fact that you're talking about Multifamily or is confused about the SBA program - it is only for Owner-Occupied Commercial (like a retail store buying out their own building).Fannie/Freddie could be a fit if you have the right net worth, liquidity, and credit, but as mentioned upline already neither agency likes an out-of-state buyer who doesn't have direct experience/ties to the market they are acquiring in, so likely not an option for commercial loan #1.

Very similar to off market properties that are sold...buyers typically have to pay their agents, as the sellers don't usually want to pay out a commission. 

HOA approval is typical for a buyer.

He must be talking to a few different buyers & fishing for a price.A $200k rehab budget seems rather high, even when accounting for local labor costs and assuming a 3/2 conversion.

Having tenant there should not be a problem if you are looking for a cash buyer.

We are seeing a huge uptick in interest from foreign buyers looking to do buy-to-let in downtown Kiev.

As long as the title is transferred to the buyer and the mortgage remains in the seller's name, it's a "classic" SUB2 deal.

I read conflicting advice, what makes the most sense to me is that as a buyer the insurance should be in my name.

The existing tenants have mentioned separately (this is an up/down duplex) of smell of mold.This is not difficult to believe if in fact there are these obvious cracks on the home exterior.There is no doubt water/moisture is getting into the home and creating a condition for mold to grow.We had a structural engineer out to do our buyer’s inspection yesterday, report is due out later this evening (11/04/17).Verbal communication while on site, indicated a mutually shared concern over these cracks.The roof appears fine.A wall in the backyard will need replacing as the soil weight has almost pushed this wall over and it is only a matter of time before this thing comes falling over.Boiler may need replaced, windows as there is some clear cold.These are just concerns at this time but inspection report will lay all this out once received later today.I should have been a little smarter in not agreeing to a change in inspection objection deadline when it was presented by seller.My buyer’s agent and I should really have talked this one over, as I realize now that, it left us with only hours after inspection to come up with our inspection objection response and to be honest I will not have time to get bids for any of the extensive repair items which I do not doubt will be confirmed in the report received later today.Seeking any advice that you can give on the following: Would you proceed with purchase of the above detailed home?