Of course, this assumes that the operating expenses for the commercial space is only 1/3 of the gross rent and that all the units are occupied, which is not the case.

First of all, I assume that the landlord, with characteristic incompetence, is not going to send a written itemized list of damages within 30 days, as required by PA state law.

I would assume their lender would be in first lienholder position.

If you have the entity set up first then you stand a chance of having the deal close in the business name (and recorded on the title).Assume that the business will have to be in OH or if you set the business up out of state you will have to register a foreign entity in OH.Lenders in OH who lend locally will expect a local business address and other details.

While I agree that it doesn't make any sense to get into a negative equity deal, I assume your father is buying this as his personal residence, correct?

I assume one is college and the other is home.How to start?

Whether written by you or another contractor, the asset manager assumes that it's B.S. because your opinion is NOT unbiased.

Assume the solution is not likely what the seller is asking for.

I assume adley is wanting to avoid the costs of the double close.

I am assuming that we could sell the condo after the two years are up and hope that the property gained in equity. 1)I keep on asking myself what I am missing.