It would just be outside pictures as I will mostly use this as research for an additional source in deciding whether to buy a property or not. 

As you can see, a total gut and 1000sf addition won out.

I am glad to have a forum to discuss scenarios and ideas in addition to networking.

Factoring in 8% for a piss poor property manager will sting, and could be the deal breaker.

Initial plan is to acquire a 4-plex and then move on from there into potentially flipping or additional multi-unit properties.

There are many factors that can dictate as to why a seller accepts a contract.

I am also in need of experienced real estate investors who can coach me online about additional information i need to know also, but any help is welcome. 

There are many other factors that go into borrowing and lending and following the norm is always best, don't do anything screwy!

Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc. 

In addition, if you really want to take him off your list, google his ph# and see what comes up.