I think it is a great idea to present a couple of different options to sellers, one of which could include offering a few thousand dollars down and pay the remainder of the purchase price over time, with agreed-upon terms like length of loan, interest rate, amortization, balloon payments (if necessary).

Since the building has been built, it looks like it's appreciated an average of 5% per year, including the market crash years.

All but 6 (including the one I'm buying) are owned by two large corporations that rent them out.  

Property APurchase Price - $340,000Total Rental income - $4100 (1200,1200,1700)Rental income less expenses - $3567Tax - $5495P&I - $1777Ins - $2000Mortgage (including costs) - $2401Cash Flow - $1166Property BPurchase Price - $439,000Total Rental Income - $4600 (1700,1700,1200)Rental income less expenses - $4002Tax - $5672P+I - $2294Ins -$2000Mortgage (including costs) - $2933Cash Flow - $1069Is there anything I am missing?

Heat and hot water included (no individual meters).

I've gotten 3 quotes for an approx 400 sq foot master suite addition (plans already approved by the city) and the least expensive was $150,000 - tile, fixtures, etc not included.  

If the company is good in the business, it would be happy to provide customer references.Do not forget to ask what services are included and how often property manager will communicate with you.

Been doing my stuff for a long time and works with several real estate investors, including some from out of state.  

Also keep in mind I did not include any closing costs or payments and expenses you will have during the holding time while you rehab.  

I just hate to be one that sits back and does nothing like many others that I know which go on to social media boards and vent about the issues.