Does anyone know if this price is usually a baseline and they are likely to receive more than their asking price or if it is common to offer a lower amount based on repairs needed?

I see on BP pretty frequently when people post commercial lending is simply based on the asset.

I'm getting married next month, and have been feeling the pressure to buy a condo, that would serve as a home base for me and my wife when I'm in between international assignments (10 days each 4 months) and would hold me and my wife's things (wedding gifts, furniture etc)My biggest problem is that we would only live in the condo about 20% of year, as we would be traveling abroad as part of my job.

Looking to find a grand rapids michigan based lawer that can help answer a quiet title question and then handle that process if appropriate.  

@Jeb Brilliant how are the cap rates and tenant base in Indianapolis?

My suggestion, based on recommendations by others I know who have been doing it a lot longer then myself, would be to go at it alone but always be open to partnering on individual deals.

It's difficult answering this based on the information you gave.

I would base your purchase on what you can show and prove, not on what someone tells you.

You can do a HELOC to pull from your equity or cash out refinance at 70-75% LTV based on the new appraised value.

However, there are a few out there, Union Bank (based in CA) being one of them.