They have been firm on "not taking a hair cut" but you made me think of this from another angle:  It has cash-flowed for them for 10 years and I believe they put in 25% originally, so you're right, they could still break-even despite a lower sale price.  

@Zen FanBasic / standard coverage doesn't but extensive coverage does. the latter costs more. 

I also added clauses to the lease about not allowing holdover tenancy (the lease ends when it ends, no automatic extensions) and a clause about the other tenants needing to vacate before the new ones can take possession.  

I have extensive experience with and specialize in preparing real estate investor tax returns and setting up LLCs for real estate investors.

the other thing I do in this case would say give them another 500.. for another 5 days of due dil ... if you need it.. also have a 5 or 10 day auto extension to close...

Since it's on the market, I would recommend taking it off, doing extensive research to find a butt-kicker of a realtor who'll market the crap out of your property.

Another stipulation would be that the seller has to ensure the property is clean after the current tenant vacates which is the reason for the 45 day extension (i.e. 30 days to vacate and 15 more to clean and close on the property).  

Or I will give them 4k for it as is.. ( this one was in fine shape) we settle at 6k they took 44k hair cut. )

It could be fewer people have the sophistication, and unless paid for, the deal may have some hair on it (some folks post on the subject to and wraps and such on BP).I did enjoy Jay P.

You need a good architect and engineer as well as a developer or builder who can assist you on the entitlement process, which will be extensive.