I’m considering a 20-unit multifamily property listed at $1.6M, but the seller has indicated they’re willing to accept $1.25M.

Blue gate is not listed on their website.  

But Don is making actual payments to the bank, so he has these payments listed on his bank statements.Both me and Don claim this interest as a deduction, and both of us are audited by the IRS.

Originally listed above $200k, we landed at $171k.

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

The landlord has no interest in the personal property coverage, but they absolutely have an interest in the liability side.When the landlord is listed on the policy as "additional insured" it extends some coverage from the tenant's policy to the landlord in case of certain liabilities arising from the tenant's use of the property, like accidents or damages caused by the tenant's negligence.

The programs he brags about are no more than searching Zillow and Craig’s list for key words.

They have bots that look for every piece of furniture on the internet, create a listing for it, and then have it shipped if you buy it (often at a 2-3X markup). 

Don't put a high list price based on what you want, needs to be based on solds

By doing research we discovered that 1.0 acres was sold off in the 1960s and never caught by the assesment office, so the tax bills were too high for 40 years.