Gotcha, well you could always factor the MER lien into your Max Offer and if you don't have to pay it or are able to settle with them, its just icing on the cake.

What have been some major factors or variables that allowed you to scale to a large number?

This isn't the only factor that can affect the feasibility of your plans for the property, but it's a big one.4.

Hi @Cris Mullen and @Alex Uman, The house was not held for rental, investment or business use, so you will not qualify for 1031 Exchange treatment. 

I factored in misc. repairs and pest control but used 3.5% for the rate putting 20% down.

Lenders take whether having escrow account as a risk factor(not sure whether make sense or not). 

@An Duong it's really up to you whether it's a good enough deal for you to agree to that.I will say, besides the two years of below-market rent, you should also factor the cost of an eviction into your thinking.It may not end with an eviction, and if it doesn't then you'll have saved some money, but I would go into it with the assumption you'll have to do one since I think there's a non-negligible chance of that.In a negotiation, sometimes it can be helpful to try to figure out the other person's motivations and find other ways to meet it.For example, if he's worried about being able to afford market rent, then if it's $200 below market a month, and you don't want to tie the unit up for a second year, maybe you offer to pay $2400 more at closing and only have him there for one year.If he really likes the area, maybe you find him an apartment in the area and offer to pay his security deposit, a moving company, and X months of rent to get him started.

If we buy a building in a great location for an amazing price, I know my investors will be pleased in the end.Best,WOW, that's a huge building I can see why you say its more of a ship than a building.what were some things that you looked out for in the buildings that you pursued or may a key factor that helps to give you a better grasp of the deal or it potential. 

Floor drains are actually part of the property's overall plumbing system and rarely are caused by one factor since the purpose is to remove both wastewater and sewage.  

Where you'd want to buy would depend greatly on where you work, the importance of schools, what you value most (walkability, privacy, etc.) and all the usual factors.