The assumption that a leak directly above was causing lumber in the wall to rot seemed reasonable, but even without the leak, I don't think any of us would have expected a foundation issue like this. 

I would double check with your accountant on that though as you don't want a nasty surprise down the road (and you know what they say about assumptions).As far as Providence & the East Side, I attended a neighborhood meeting a few weeks ago with some people from the neighborhood and some folks from the Providence Building Department.It does sound like they are leaning in favor of some additional regulations for AirBnBs in Providence, which may involve needing to get a special permit.

I put 2K down with the assumption only minor fixes/adjustment are required. 

I've analyzed plenty of SFH deals but need some help with my assumptions on a duplex. 

I don't think people were necessarily giving you "trial by fire", but interpreted your responses and made some assumptions. 

There is a 0.5% loan assumption fee on the $290,000 also.   

I'm looking for recommendation to an escrow company that can close a "subject to the existing financing" without having the lien holder to approve of the assumption of the loan by the Buyer for a deal I have in Tacoma, WA. 

They process payments, send statements, manage the escrow/impound account, provide collection efforts on delinquent loans, ensure that insurance and property taxes are made on the property, handle pay-offs and assumptions, and provide a variety of other services.loan-to-value (LTV)The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).lock-inAn agreement in which the lender guarantees a specified interest rate for a certain amount of time at a certain cost.lock-in periodThe time period during which the lender has guaranteed an interest rate to a borrower.marginThe difference between the interest rate and the index on an adjustable rate mortgage.

@Kelsey Folger Hey Kelsey,One thing I learned is not to make assumptions when it comes to older homes.

This will be my first commercial loan due to the amount of units I am acquiring.My assumption is the loan would require: great credit, at least 25% down payment, and reserves?