I am sure that Scott is aware that he should do lots of research before buying an MTR, but if a part of that research can't be posting a potential deal to the forums and getting community input/guidance on how to think about it, what is the BP forum even for?

**CO and Inspections**: Since there’s no CO or inspection requested right after the sale, the township may not become aware of the new ownership until the buyer initiates action, such as applying for a CO after repairs.In summary, while the deed recording updates ownership at the county level, the township may only update its records when triggered by actions like CO applications, tax data updates, or buyer-initiated notifications.

The property manager should provide a copy of the existing lease agreement, rent roll, other related documents, and notify the tenants of a change in management.You should also be aware of any specifics outlined in the lease for your tenant's situation (e.g., pets).How should the contract be handled moving forward?

We generally stay away from California because of regulatory issues.We know who we are and what we are good at: we’re out-of-town but highly engaged real estate investors who know how to pencil deals, structure deals and package deals to raise capital.

I’m currently exploring different ways to raise funds for a down payment outside of my 9-5 income.

However, anyone with experience is very aware a duplex there is NOT valued at 170k, more like 130kisH renovated.

The capital can be personal or you can raise it, but you need it. 

In the summer everything settles back down.If my assumption is correct, when the foundation lifts the floor in the winter, it will also raise the exterior wall sitting on it.

@Doug StankavichI know nothing of the company - so I do not know about their capital raising.How are they raising their $ is my ?

I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.