On the city inspector I'll try but likely no consequence, our attorney says municipalities are not held accountable for things like this 

at this stage I would encourage him to put the cash in a brokerage account paying 5%  like T bills and keep searching and as well I would also advise to househack first before buying low end looks great on paper rentals find a nice duplex buy it live in one side rent the other rinse repeat.

After reading several of your posts I'm realizing I need to put more focus on my social media and LinkedIn accounts. 

Account for increased A/C costs and manage the rental agreement to avoid parties. 

I signed up again for a Premium Account so that I can connect with other like minded real estate investors all across the US.

You should bet on all the other levers of real estate including the tax benefits, cash flow, mortgage paydown.

When setting up an account with a credit reporting agency, a landlord and property manager will submit a simple credit access application and supporting documentation that proves their need for access."

The sellers owed back taxes and needed cash.

An LLC could be a smart move for liability protection and tax reasons.

Could you please provide the rental value, market value, renovation cost, loan term, and property tax rate