Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

The inspector should be thorough and telling you any issues.

Depending on how you are acquiring these properties you may be able to just do one per year but that only matters if speed is an issues.

I am currently looking for a small local bank or credit union that issues lines of credit collateralized with investment property.

The final straw was when my property went into abatement after an inspection, due to the property management company's failure to address tenant requests for the exact items that caused the issue.

The property has so much issues now, the basement which Steve Yoak worked on has openings and there are rodent issues. the air conditioning does not works, the house is having other issues with fridge as well.

Unfortunately, several issues arose during the renovation: 1.

There should be no legal issue with you just raising one rent.

There is also parking per unit and impervious cover that could be an issue.

The company I use has patched the issue since then, but security is ongoing, of course.