@Travis Weitthoff - I was wondering the same, the seller is a firm that specializes in developing and stabilizing multi family investments on the South Side of Chicago, so I'm going off the assumption that the numbers they gave me were from last years actuals, but not positive.

The fact that you have three parties who are joint tenants is curious and may have to do with a community property or state issue (especially since you're in CA one of the last bastions of Community property). 

Lastly, anytime I want to verify all the properties I have insurance on, it seems to be a large undertaking too.Has anyone else shared in this frustration?  

I'd recommend you also do an analysis on propane cost vs oil over the last 3-5 years.

It was featured in the last podcast episode and sounds like a great landing page

He has done all the work in the last 10 years to separate all the utilities so all he pays is th annual maintenance on the property.

Of course there might have only been 8 sales in that zip code last month. 

Not that it cannot be predicted but usually count on the present.Unfortunately, I have spent the last 7 years being bedridden and not being able to work but it has given much time to learn about real estate learning. 

Lastly, I don't see the need to say "ONE 2-4 unit property". 

The exchangor remembered from the last marketing session that the flipper has a free and clear double wide worth 40k rented for 700 a month.