Its usually best to leave the flooring for last (unless you take the time and material to cover it with paper to protect the new installation.)

Personally, I also like to make sure my numbers work and that I am able to cover payments even if I face a few months of vacancies.  

You do need to have insurance to cover the loan amount.  

He plans on making the balloon payment with his 401k which I have a copy of and is well on it's way to cover the cost. 

I would also make sure he signs a waiver and you are covered on the insurance aspect in case he gets hurt.

As Matthew Brill mentioned, there is a self-sufficiency rule for 3- and 4-unit properties funded with an FHA loan.  85% of the market rents on all four units need to cover your monthly payment (principal, interest, taxes, insurance, and mortgage insurance).

Well, it could be a people issue, too, on her side....One option, and if the numbers work great, I might consider this.... idea:  sit down and run some numbers on upping your offer price to cover the roof or part of it (so you pay for it, but get to do so at a low interest rate, spread 30 years)... 

Allstate dropped my insurance a year ago due to another high price fix and my current insurance does not cover most of this.

I cover mostly Towns in my territory (FARM) Working from home has it Plus/Minus attributes, but it beats the commute.  

They tend to have better bones and better quality construction...but I hate the bathrooms that comes in teal, pink, yellow, green, blue...I have nine bathrooms in various properties covering the entire rainbow color spectrum.I am seeking advice on two things.First, most of these bathroom have the integrated ceramic soap dishes, tooth brush holders.