Invariably you get hit with a few surprises and things always take longer and cost more than what you originally anticipated.

Make an offer on it (even if it is 40% below ask) and say you'd be interested at that price point.I would be surprised if their commercial valuation is not severely flawed if it results in a value 40% higher than a residential valuation in the same area.When somebody refers heavily to small multifamily property as "commercial" it might mean the property actually has some preferential zoning that would allow it to be used as a business instead of residential rentals.  

Like @Vincent Incopero I would always prefer to overestimate and then be surprised by having less expenses.  

My code works on every single door and I also have a "one time only" use code I leave on the door if I have an emergency and have to let someone in without being there.

However, you would have some additional cash in your emergency fund, if you only buy one.I guess at the end of the day, it up to you.

Those of you located in the Bay Area, specially the South Bay have undoubtedly seen or at least heard about the evacuations, building damages, freeway/road closures currently taking place with the nonstop storming ove...

To my surprise, most investors(mostly out of state turnkey buyers) had a very different understanding of the reality of managing section 8 tenants or what the real numbers or costs end up looking like (most of them are 6-18 months after closing).I wanted to take this opportunity to share with the BP community, mostly potential Turnkey Buyers looking in the Chicago market, that your due diligence in the buying process can make a huge difference.  

I was surprised, she wasn't in that bad of health.  

The key is to know what type of person you are dealing with, across the table.If they are relationship oriented, then see if you can bend a little when (the inevitable) dispute(s) arise.If they are transaction oriented, don't be surprised if they "want it all, and want it all - NOW!"

Without knowing your specific situation, I cannot render appropriate advice, but speaking generally, if you are carrying credit card debt or have no emergency fund, you may consider applying some or all of these funds to one of those areas.Hope this helps.Ed