@Nikko Tountas Read the BP books on how to structure these deals as a no money deal is harder for all parties involved to both get their money out and make enough money for it to be worth it.But basically you need to get a property at such a low value that the forced appreciation makes money for all. 

I was contemplating a no prepayment penalty after 10 years, atleast hes made money off it.

Seems like a no brainer type of deal, assuming that doing my due diligence the store unit alone rents for 2100 and I can reno in the 2 units on the 3rd floor.What I need advice with is qualifying w projected rents.I know I could take the current basement and apt on the 2nd floor rents to help qualify at 50% of their rents. 

I spoke with Huntington Bank and they run the same criteria as B of A.  

Perhaps work out a no-interest carry period with a balloon at the end. 3.

It seems like a no-brainer for the cost but there are lots of BP and other folks who urge us not to go cheap, no matter what.

I don’t know for sure if they have smoked inside or if the smell is just coming back on them or through a door or window In the lease there is a no smoking policy indoors Just wondering how to address this without increasing tension and accusing the tenant of smoking indoors when I don’t know that’s the case

A no my pockets are not that deep, I sold my home for the downpayment of the lots and two rentals to cover interest on the loan for the lots.

Tbh, It was a pass both times, with the second try that only took me one day to realize it was a no go.I wanted to like it...

Then fence off a no kid zone in the yard so you have some private BBQ space and price the rent appropriately for an apartment with a yard.