In the event that Seller does not provide the inspection items specified in the contract, within five (5) days of the date of execution, then Buyer's inspection period and Closing date as specified below will extend one additional day for each day of delay.Working with mom and pop, and even companies, getting all of your DD documents can be like pulling teeth.

I would try to jump on a site that has a good lease that captures all the items needed to make sure the tenant follows the rules. 

If not, the attorney should be able to find what is missing, what is a legitimate document, and how to locate what items may be missing.

Addendums for protecting the roof from installed items.

I think you need 3-4% just for maint/repairs, plus $350/unit/year for capital reserves to replace 15-20yr items like roof and mechanicals, plus turnover expenses geared to the vacancy rate.

In my experience with lower end rentals you can easily exceed the 50% rule because it often costs the same to fix an item in a $400/apartment as it does in an $800 apartment.

But given that the above items and the fact that you are 150 miles away, I would recommend passing.

Does anyone have a rough idea how the price breaks up amongst the items to arrive at this figure?

On the 10 or so items with loan importance non-recourse has shot towards the bottom these days for my clients.

If it's 90 days and you're pulling credit 4 times a year that's not going to have a huge impact on your overall fico score.Pay your items on time and keep your revolving debt at 30% or less and you'll be fine.Visa card with the most you ever borrowed on it is 10K so keep your balance under 3K.It doesn't go by the credite limit it goes by the most you've ever borrowed.