The answer was that there are two reasons for the low price: one is that the owner is keeping part of the building and functions as PM what will create extra income for him.

Deep down, the real answer is that she doesn't want to dip into her funds now if she doesn't have to; rather give up some of the profit than going out-of-pocket.The money is to be deposited to an escrow account, held by a title company that has been in business for a long time, so that offers some assurance.

Sadly enough there is NO right or wrong answer here.

An HELOC clearly would have more flexibility; interest only as needed.Figure out an answer to the first line and the rest should fall in to place.Oren

Don't give up... don't take no for an answer and save all the cash you can get your hands on. 

Your income is easily enough to get into a nice multi with an FHA loan for low money down.Happy to answer any other questions you have, just hit me up!

None of these had an early payment penalty.The next quesitons are, how long until you can refi after your aquisition of the property, and will they refi for an investment property held under an LLC, and again, answers varied widely.

Because I called him and HE ANSWERED ME (after my realtor tried multiple attempts of contacting him).What do i do?

Real estate attorney should have an answer or at least a good couple of suggestions for you.

The answer to your question is it all depends on what your goals are.