The tenant will then sign the estoppel to attest to its content.This is by far the best way to find out if there are any discrepancies in the information provided by the vendor (like the monthly rent being paid by one tenant is actually $100/month less that what is written into the lease, because he's the owners son and he vacuums the corridors and sweeps/shovels the walks).You can do the same thing with any service providers (i.e. snow removal or garbage service).

Hello Fellow BP-ians,does the banks always go with 75 ot 80% of the purchase price on contract or is there a way to get 75 to 80% of the actual appraised value, even though the contract purchase price is only 75% of actual value?

After restoring it, dealing with Cobb County inspectors, I learned that the building I originally thought was zoned O/I was actually zoned Residential Senior Living.

I actually had this exact debate with myself. basically you're fine now without it.

@Dustin Mellor sellers can actually have great control over property after selling, through what's called a "deed restriction", as long as the restriction is legal (doesn't discriminate, etc.)

I'll be moving closer to leesburg actually which I see that's where you're from.

I don't actually believe the home is worth that much. 

Abraham,Actually you can cross collateralize some or all of your properties and use as down payment to purchase apartment.

Sure 30k may appear good, but if in that same period you're paying $35k in debt, you're not actually coming out on top.

I am still surprised that you could actually find something decent in a good neighborhood for $1 mil in NYC.