Property Inspections•Schedule property inspections to evaluate the current condition of each unit and ensure that you have a clear understanding of the properties you’ll be managing.

Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.

They’ll still do an inspection and they can still say fix thsi or I’m not buying.

I got free repair estimates (inspections) from two roofing companies.  

Your agent should have reviewed all this with you during inspection or due diligence period.

Never trust wholesalers they have no duty to you to tell the truth.so that being said.. just use them as a lead source.run your own comps. do your own inspections and have your rehab crew give you estimates.

Consider getting contractor bids during your inspection period to have more accurate numbers.3.

Anyone else facing similar issue in South loop. seriously considering getting section 8 inspection scheduled. any pointers, suggestions.

What are the common issues found during home inspections in this area?

If you have had positive experiences with insurance providers in the area or know someone who provides excellent coverage tailored for vacation rentals, I would be grateful for your recommendations.Additionally, during the property inspection, we found a few minor repairs that need some attention before we officially welcome guests.