Unfortunately it’s very probable you will be responsible for this unless there is a statute of limitations in your state which could come into play.

Ultimately, given the limited info I think it’ll be best for you to stick it out and keep learning.

So, if there aren't any comps for that property type, then you would be limited in the value that would be given, thus limiting the amount of renovations to be financed.  

To be safe, it’s usually a good idea to wait a bit—most people suggest 6–12 months.Also, keep in mind that lenders will base the amount you can pull out on the appraised value and their loan-to-value limits, so you might not be able to take out the full difference between $2M and $2.5M.Hope that clears things up!

This mindset limits the size of investments I can pursue more than if I did not have this objective.   

Are you in the county, in the city, or in the mile limit for the city?  

One approach we've taken is implementing a move-in and move-out inspection (with photos) to limit wear and tear.

There may be a limit on the amount of partners allows as many lenders want the personal guarantor to have a certain amount of ownership in the entity.More info on DSCR loans:DSCR loans won't use your income to underwrite the loan.

https://www.cbs8.com/article/news/local/working-for-you/new-...Good luck I know that area—space is limited.

Significant changes to lease terms that impact tenantAlso, the tenant would not qualify for relocation assistance if they live outside of Portland City limits, live with their landlord, or have a week-to-week tenancy.The tenant has a "Right to quiet enjoyment" No entry is allowed for maintenance or repairs without proper 24-hour notice.