I am interested in feedback concerning legal aspects, insurance aspects, financial aspects, and anything else one might happen to have, and any idea for how to use the unpermitted work as a negotiating point on price.  

If you aren’t in a premium area, I’ve learned to lead with the worst aspects of the apartment (undersell) thereby weeding out the dreamers and surprising the applicants that survive the - less than flattering marketing - (over-delivering) with more than they expected visually.

A cancellation in midstream like this is generally; age of building, electrical, flat roof, unreinforced brick or concrete.

We had a report of roof leak in one of our "D" neighborhood properties and this is what our handyman found: He said it is a bullet hole (not from tenants inside).

But, if anything, I am trying to use this as an exercise to see if I should have even tried to get this.Assuming the building structure is good and the roof just needs to be resealed, I am just curious what your thoughts are?

It is a great place to meet new friends and learn about various aspects of real estate and more.Check out BP Podcasts: https://www.biggerpockets.com/podcastWishing you the best!

I do think she is a good realtor in all other aspects, it was just this one issue that I wanted some external feedback about. 

For example, 5% for capex on a SFH in AL on a $900/month rental (so $45/mo) just wont cut it if you have a roof that needs to be replaced within 15 years and will cost $8K - you need to save $45/mo just for the roof! 

There were several aspects of the home (including entire rooms) that had not been mentioned in the listing and that made it a great match (and a great deal) for us.

There were several aspects of the home (including entire rooms) that had not been mentioned in the listing and that made it a great match (and a great deal) for us.How did you finance this deal?