Many “wholesalers” get all excited when getting a property under contract only to discover that a thorough inspection by a knowledgable professional results in repair costs 2 - 3 times higher than they calculated. 

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

Since you said you are selling your building I’d argue you already have been a real estate investor.

Instead of platforms like Angi, try building relationships directly with contractors, architects, and developers.

Although I conducted a basic septic inspection during the closing, and the system is in good working condition, it still failed the STR inspection.

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.

25 inspection, 25 closing, 1 loan.

I came across Peter Harris’s program on YouTube while trying to buy my first small commercial building.

Jumping deep into real estate investing and looking to connect with real player— investors, buyers, and deal-makers. Based in Santa Monica, focused on out-of-state markets with strong growth.

Not here for sales pit...