Agreed,Should have been removed during rehab process but sometimes it can be missed.Rehabbed hundreds and many times the crews miss stuff so not completely on the seller.I always tell our investors to have common sense when doing a building inspection.Anything that can affect the long term sustainability of the property like foundation, roof, mechanics, HWH, furnace, electrical, plumbing is on us.Any cosmetic stuff that won't really affect rent or cashflow is up to negotiation.If investor is adamant on being fixed, we will fix but at a cost.There is no such thing as perfection on 50-100 year old homes.The demographic in my area also doesn't require perfection.If they do, we don't rent to such folks and advise the suburbs which come at a 3x monthly rent compared to the city.The tree should be removed by the seller and foundation addressed.Doesn't look too major to me anyway.Thanks 

Still fun though, but it never was for the faint of heart....I think we will see a 'redistribution-of-wealth' (geographically, and in a manner of speaking) as people take their investment dollars and put them into markets they can afford......?

Foreclosure is your best bet to get things done in the most rapid manner. 

When you find water damage around a window this is indicative of a poor installation not that having windows in a bathroom will always lead to water damage , a good installation will never be installed is such a manner that water ever builds up.

Will you be able to sustain the balance of your other sources of cash?

If you worked with someone that has sustainable income for a traditional mortgage, any lender would also factor in their income as well. 

CA went through a deep dive after the loma Preita earthquake and the first War in the mid east and things got really bad.. they had 250 different properties  student housing senior  MHP ( land development that I ran) and of course apartments galore and they could not sustain and it all got liquidated and I found myself out of a job..

In this manner, you get the step up in basis. 

If they are going to cover business activity, you can bet your bottom dollar that the insurer will review all of your practices and procedures in order to determine whether you are doing things safely and in a law-abiding manner (see above, first paragraph).So yes, get plenty of insurance, and a corporate entity between you and your adoring public may be most convenient (consult your lawyer as to whether and what type).

Hello BiggerPockets Community,I'm in the planning stages of an exciting project that aims to construct a sustainable and efficient duplex with a budget of $200,000.