That is the real indicator of whether you are numerically getting a deal or not.

@Jacob Kline Something's not quite adding up here and I'm getting the feeling that the seller is not being completely honest with you.Banks are heavily regulated and very, very risk averse.

Wondering what kind of legal requirements /regulation you had to go through to sell equity to investors based in China?

He told me there is regulation that prevents him from having control over the appraisal timeline.

If you check Facebook sites - Ocala Rentals Available or Houses and Apartments for Rent in Ocala, you will find numerous people begging for rental properties and the amount they expect to pay per month.  

Since you're on a month to month, you have the ability to set the terms within the regulations of your state.

Its an opportunity that could bring numerous other leads and I don't want to mess it up. 

I told the building inspectors I have no issues bringing things up to code, but I find the property owners concern around my new property disingenuous considering how long the property operated as 3 units, had 3 meters, and the numerous violations that were unaddressed.

I told the building inspectors I have no issues bringing things up to code, but I find the property owners concern around my new property disingenuous considering how long the property operated as 3 units, had 3 meters, and the numerous violations that were unaddressed.

For a property manager, they have more regulations that would prevent them from operating as a business without that business account.