I have a two quick questions that I am hoping someone on here can help me understand.I have a possible deal where the (commercial) building will appraise for well over what they are willing to sell it for (30% +/-).  

If all four conditions are well met, e.g. its close to Center City with good transportation (public or otherwise), pricing is steady or rising, permits are constant/persistent (indicating still room to grow), and rents are solid, if improving, and the inventory moves quickly -- you have a good neighborhood with long term growth.Would love to hear other investors thoughts on this -- these are just my very inexperienced thoughts.

Your tenant has promised  "in a day or two to put SOME money for rent".   

Thanks for the quick reply.

If I was the seller I would look to who I entered into contract with....not the other "buyer".How do YOU plan on following through with YOUR PROMISE TO THE SELLER?

2) could you recommend a quick script so to speak of how to approach this with the tenant?

That $176k quickly turns into $195k or more.

@Kevin Hoag and @Jason BottI appreciate the quick responses and feedback.

I ask the question because i hear people say to use the banks money, but I kind of like the idea of a quick closing and being able to get a discount on the price of the house.I appreciate it.  

.$2,000 demo, permit fee and miscellaneous items.This is just a quick run down and like I said price will vary if you want to gut the whole place because at that point you have to add insulation etc.Hope this is helpful.