If it was a review left on Google or a more public review I would post a brief reply to it.

I am a more risk averse kind of guy.

This was a hard lesson to learn but definitely glad I'm learning it now rather than later on a more expensive project.

And we were actually optimistic on the appreciation side but it looks like we're going to have to tighten up the numbers so we can see a more realistic view of what's going to happen.Thank you guys for the input it is so helpful!

This will allow me to fit 3 cars in a more effective way so that they are not blocking each other when parked. 

Blanket loans would be a more appropriate product for this scenario.Terms 5-7-10 ARM, 15 -20 -30 years amortized with a balloon payment and strick prepayment conditions.  

I have done deals like this where the seller owns the property outright, likes the monthly income, but wants to take a more passive role in investing and not get bogged down with day to day operations.

A consult your advisors clause in an offer letter might help you avoid legal repercussions but the decision to move forward with a deal or not should face a more stringent test than, "Will I get sued and/or prosecuted".I don't think you should automatically proceed because someone appears to have their wits about them.

This is a more complex strategy but can really boost the return of your IRA thanks to the benefits of leverage. 

If so, you need to divide out the income to get a more accurate in place cap rate.