Really, you have 4 deals remaining on the table that represent 4 distinct analytic exercises, -Only Then- can they be considered in aggregate to assess/develop an overall strategy.Your question is really FAR more complicated than, how do I take advantage of the subsequent lien opportunities on top of the utility liens already purchased - either through loans, partnership or some other avenue.

What is a fair/good way to assess closing costs?

@Mark DresdnerHave you tried searching the marketplace as well?

I would aim to get the price at $225-230k as the assessment office current appraisal is 200k even though that is not a good value for multi family. 

In addition, the commission may assess costs and attorney fees against the unlicensed person found to have been engaged in real estate activity without a current license.C.

Do you want to rent first, month-to-month, then assess for yourself if you'd like to buy in other neighborhoods 3-6 months later, also within the 2 loops (see map)?  

As someone brand new to the whole idea of investing through rental properties I have been going through the calculations involved in assessing a potential property for cash flow to practice the process and understand what good and bad deals look like. 

There's likely some kind of environmental escrow and you can see what the cost of the remaining work is to assess your potential liability. 

Just plan for the Monthly Fee and make sure you plan for special assessments. 

He told me "the bank tells him how to assess the property, they do not want to be stuck with a fixer if the new owner neglects on the loan".