What is our worst case scenario if he’s correct?

I understand not every individual I talk to will deal but just having a starting point helps with communicating with these agents or getting a contract ready. lol these beginning stages are the worst so if anyone has helpful advice I could use today please share. thank you 

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.