Compare that to money in a market that is expected to have flat population growth for the next 20 years.

I imagine that the legalities are complicated and if the building fails to cash flow at the expected amount or the owner needs to sell and cannot get the assumed equity out of the building then the investor might be unhappy.

The realtor told me she would list both of them at $130k each and expect them to sell soon.

Am I expected to pay for his if they lives their amount of years?

Lots of results come up, including "Kick 'Em Out Quick".Unfortunately you can't come to BP and expect people to give you step-by-step instructions on how to evict properly.

Let me run a scenario by you... and here I'm just playing devil's advocate I'm sure you're already frustrated with this individual and sounds like you've already made up your mind.Scenario #1 tenant breaks shower door:Tenant doesn't disclose to you that they broke it and moves out only to leave you with a large amount of water damage AND a broken door.

I was expecting a much better interest rate and less fee's, but maybe this is the normal for newbies in investing?

Expect to pay points if your down payment is less than 25%.

That's much better news than I was expecting. 

At that price, and if the bank is willing to lend @ 80% LTV, you should expect to receive a credit line of up to $400,000.