I would also not use that strategy of wanting a property up to your standards for you to live in or your loved ones There are buyers in every market that will have different taste, different income therefore might be willing to buy a property that you might not live in yourself.

There is no standard for comparison.

I am working on some questions for our call, but wanted to see if anyone has a standard list of questions I should consider asking.Thanks for your help.

Maximum Basic Standard FinancingSingle - $271,050Duplex - $347,000Triplex - $419,425Fourplex - $521,250FHA Basic High Cost area limits are:Single - $625,500Duplex - $800,775Triplex - $967,950Fourplex - $1,202,925Here is a site to look up Maximum financing with FHA;https://entp.hud.gov/idapp/html/hicostlook.cfmMaximum Financed Properties The maximum of four financed properties includes the subject property.Inducements to Purchase Certain expenses, paid by the seller and/or another interested third party, on behalf of the borrower, are considered “inducements to purchase” and result in a dollar for dollar reduction to the lesser of the sales price or appraised value of the property before applying the appropriate LTV factor.

Strip Malls, Casinos, Film Studios, Production Houses, Schools, Tech Companies, Start-ups and even Vacation Resorts, Apartment Complexes and even islands).  

Nationwide the standard is $.14 per square foot - that's FHA and VA's marker at least.

I think they can get a standard lease at Treu office supply on Baldwin St (near the County Courthouse).They will want to register the property as a rental if it is in the City of Elmira.  

,I actually have no desire at all to be a standard realtor, the only reason I would get the RE license would be to help on the investment side of things.

There is something missing such as the definition of "amazing" is being measured with non-standard criteria.Warning Will Robinson, does not compute, does not compute!

Either way, I am planning to get a home warranty that should be able to help cover the capex risk, as this is an old property by any standards.