This is your chance to renegotiate based on inspection findings. 2 week before closing : schedule final utility readings, title search should be performed, and you should get homeowners insurance squared away. 1 week before closing - financing commitment if you’re getting a loan or mortgage. 24 hours before closing do a final walkthrough of the property. 

It depends on your goals, timeline, resources, and commitment.

I suggest if you are committed to not buying a multi-family then you at least do what I did and look for a place with a detached garage apartment, it pays half my costs for the property and I don't have to listen to or interact with my tenant at all.

After 2 years of investing in Dayton, everything I thought I knew about real estate got a make over.You’re in a strong position with that money.

For this I think that your partner would also need to commit to doing enough deals to satisfy your goals ($15 MM ?).

I hope it’s a good area to buy a mid 5 CAP with a medium amount of time left on (imo) a dying businessIf this doesn’t have strong land value backing it up I’d try to get better pricing.

Hey Chris,When it comes to lending you're going to need to understand what you want and where you stand.If your credit is good, income is consistent (2 years), income can support the properties, you have a strong DTI ratio, a strong down payment, good reserves, and finally pay your taxes, usually banks are the best way to go for lending.

I meet the qualifications for an accredited investor and have a strong interest in multi-family in the long term so that leaves me with a lot of options.

I know it's a commitment once I jump in and I have a full-time job.

Inspecting their house is not an option and rental market is strong here and I will have it rented soon.