Also be aware that HUD will want to conduct a final inspection of the rehab before providing the final loan disbursement.

@Ryan RayI knew Lonnie, a fine gentleman he was.

You start with an appraised value based on comps, but then negotiate a final price based on inspection report if possible. 

I don't care if I get an actual 1099-MISC but also don't want to get a fine if I've not done this correctly.Much thanks. 

There can sometimes be a fine line between trying to be smart and save a buck, and breaking the law.

The caretaker has been a fine tenant and agreed to take the unit as is (Care taker has been living there for the past 5+ years). 

I sent a final email yesterday with my concerns and requests.

Get a great inspector in, and have them go over the place with a fine tooth comb

If you had a finance degree or grew up in a wealthy part of Portland or worked in property management that provides three different brokerages.

A final way of looking at it is that if you can afford to set aside X% vacancy (based on your market's average vacancy rate), then you can afford to take the vacancies that will most likely hit you one day (at your market's average rate).Property Management - Two ways of looking at this.