Quote from @Gregory Banks: I would hire a structural engineer. $1,000 inspection could save you tens of thousands.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

A local bank relationship How did you add value to the deal?

Credit unions, banks, mortgage companies and private lenders.They all had the same answer.

I then suggest setting up a bank account where there is auto pay.

Each parcel can host up to two units, effectively enabling up to four units on what was previously a single-family lot.

Since the buyer is not able to get bank financing, you are charging a few % points higher.So your $289k house might sell for 320k at 9.9% for 30 years.

I would talk to the bank first.

It’s a bonus if the bank offering the HELOC also handles BRRR loans — they’ll be more flexible and accommodating when it’s time to pay off the HELOC with a new loan!

If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built.