Many “wholesalers” get all excited when getting a property under contract only to discover that a thorough inspection by a knowledgable professional results in repair costs 2 - 3 times higher than they calculated. 

Thanks for the reply Cheree.Who is doing monthly inspections?

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

Connecting with them directly will help you get a better sense of voucher amounts, inspection standards, and timelines.

Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

I’m also in the process of launching a new home inspection company, which I’m confident will help me get back on track financially.

He was there for the inspection and followed me from door to door then I realized why.

I do have several S8 rentals, while they are generally performing well, there is more paperwork involved in the leasing and the strict inspections can be quite a pain. 

As a new investor, your story is a powerful reminder of how important it is for me to be meticulous in protecting my investments.

The inspection and approval process of s8 basically causes s8 applications to be lowest priority processing.