I eat the cost of water/sewer on all of my units, and it doesn't have any massive impact on my bottom line.  

However; it has to make financial sense, and they would expect to get it for a rock bottom price, basically what's owed on it.

But bottom line, I agree that there are way too many red flags, so I won't pursue this. 

Would you mind if I ask how you added that signature to the bottom of your comments?

So this is a short sale, the owner passed away and the bank was actually at 150, with negotiation they came down on the price so the $120k is their bottom line and my fee.

The wooden handrail is in good condition, just needs a paint job.There are 15 steps, 10 of them are the same size and the bottom ones get slightly larger.The tread is 66 sq ft, the risers are 37 sq feet and will be basic white. 

Commercial real estate, core plus, 60% leverage2) Broadstone direct real estate access (BDREX): rock-bottom fees, three-tiered investment strategy (access to institutional funds that normally require $500,000-$5 million minimums to invest in, directly owned real estate, liquidity sleeve of public REITs)After this there are others that I would add to in smaller amounts, since they have more risk such as one of the Realty Mogul debt funds. 

The appraisal has to also come in and inspect each apartment top to bottom that takes time.

It’s a race to the bottom, and based on the “greater fools theory” where there will always be a greater fool paying more.

I only have 1 Fannie Mae loan and 11 commercial notes and 2 lines of credit, as long as your debt stays low, and you are mindful of your renewal coming up as it relates to market changes (I.E. down turns) you are fine, I never go more than 60% LTV this gives me a 20% equity swing if the bottom falls out of the market, and my lender will still renew at 75% LTV (figuring pay down) hope this helps