We pointed out that we already offered more than they originally asked for, contract stated they were responsible for providing all utilities through settlement, and they understood they were responsible but weren't going to handle it, but they allowed me to have repairs done before closing and have the contractor paid from their funds from settlement.   

Although it has crossed my mind that I could refinance out a big portion of the equity, sell and if I didn't participate in a 1031 it would reduce my tax liability.

For my acquisition: I am planning to counter w/ - No money down- take over the note -pay the seller $2000 a month with the intent to refinance in 6 months ($12,000)      - I will handle the rehab costs for the vacant unit (which is about $20,000) and lease all vacant units - Once the refinance has been executed I would pay the rest of the balance of $295,000 the seller wants. ($283,000)If I were to put it under contract I would offer the following: - buyer will pay off the balance of the note ($295,000)- Seller will receive $275,000 in cash because buyer will cover the rehab cost to receive the Gross Potential Monthly Income- Seller will split the closing cost 50/50 with the buyerI would love to hear some input from the BP community.

That is why a title company should handle all settlement and you get title insurance.

You have a professional handle this.

Seems to have a good handle on the Cleveland market, and experience working with investors, both in and out of state.  

Basically, instead of testing every outlet and door handle, he is inspecting the larger and more concerning items, i.e. electrical, plumbing, HVAC, roof, drainage, attic space, foundation, crawl space/basement, etc.PM me if you want his info.

You're busy, "cheap" midwest houses are not what you want, invest in quality product (A/B neighborhoods), this will reduce your risk.

Professional electricians, plumbers, HVAC,... are trained to handle repairs and brand new installations, and can be held accountable if they do sub-par work.It's a mental trick. 

If you can handle the debt to income ratio, get the hard money lender to lend for both the purchase and repairs of both properties.