You raise some excellent points!  

Testing has shown that hand written gets more response.

Got it.How much are you planning on raising the rent for the next 5 years? 

It hasn't gone on the market yet so the seller is thinking he can test the market at 400k for the summer or possibly sell it to a historical foundation which I think would take a year to deal with and probably won't fly.I want to present a seller financing option considering that the brother's don't have a mortgage on the property.

Check with city or county depending on where it is and see if any special assessments coming or water rates have not been raised in awhile.

Meaning I needed to analyze, add value and raise rents.If values are increasing and rents increase as well, this could keep up with the costs somewhat.

If this tenant had signed an estoppel saying that they paid a security deposit only, then they'd have no case to raise a claim for last month's rent now.

The seller had finally put in new low end furnaces & small HW tanks leaving the old stuff in the basement.When it dropped to $55,000 & his tenants finally left we walked in & offered $40,000 cash, close in 30 & we were told to leave ... 10 days later we were asked to raise it to $45,000 & we had a deal.

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