Many of these make more profit on a bottle of soda than on 10 gallons of gas.The other model is Gas + auto repair / inspection / sales. 

Get in there asap and inspect the unit and identify what needs to be done before a new tenant moves in.  

Then go in and inspect the property and go from there.  

However when I choose a property im considering putting and offer on, I run into issues like existing tenant or vacant with repairs needing to be made before rent ready which is essentially what I’m looking for to force the equity myself.The problem is that I’m unable to find PM or contractors willing to translate what the inspections are showing, what needs to be dealt with, and for how much before closing.  

The 5% down loan allows them to go the conventional route and most are skipping home inspections and have agents who are unfamiliar with the issues they can run into with Knob and Tube wiring, lead paint and older windows/roofs. 

You are competing against cash as is close in 1 week - 10 days, vs Inspections, appraisals, so about 30 - 60 days.

In regards to point 4), you mention the possibility of a tenant living for free indefinitely inside an unwarranted unit, due to the inability of the landlord to enforce rents, and the inability to perform an eviction.It's my understanding that if the Department of Building Inspection (DBI) discovers the unwarranted unit, it's possible for them to force the landlord by law to legalize the unit.

Mortgage approved, Inspections came back great, closing money down...One problem though: The appraisal for my property came in 19k below the price I signed up for.

We discovered during inspection that the hall bathroom has an alcove for a shower, but no shower installed and the space is too small for a bathtub.

Also, if there are any good reads out there, I would love to know that too.Interest - HOA - Appraisal - Repairs and Maintenance - Home Inspection - Devices - Travel related - InsuranceThank you, Bigger Pocket Family!