I'm totally green and haven't bought a property yet but $238k sounds really high for a house that needs major rehab even with the extra land, although it's prime area being very close to downtown.

Is this something I should be proactive about and contacting someone or will I be OK for an extra week or so?

Also, if the first girl does not have good credit (she told us this from the beginning due to medical bills), should we make her pay an extra deposit, if so how much more is normal?

Under most office leases, you are going to be charged extra for all the operating expenses of the building, from taxes and insurance to security to cleaning the restrooms.If you need any work done in your office, you have to go through the building management and use their contractors.

Aside from the extra income and net worth real estate will provide I think the biggest thing my wife and I are excited about is getting into something we can both take part in.

Ask why an investor is passing on an opportunity, they may very well tell you the truth.

I will be purchasing from overseas so it seems like an easier solution plus the low interest rates we have could make the extra cost less of an issue.

@Jake Recz Unfortunately he's probably telling you the truth...

The truth is we grow wiser as we mature and your best years are still ahead.  

If a landlord has a lot of short-term tenants for only 3-6 months as a time, there may be extra clean up and repair costs associated with get the unit ready for new tenants.