Thanks for the quick reply I have a feeling I might get an answer like " CLIENT PERSONAL INFORMATION CAN NOT BE RELEASE TO THIRD PARTIES.I see if I can get the agent to disclose property's physical structure interior and exterior at sale .

Most likely, you have water sitting up against the exterior of the foundation, with no where to go.

Maybe the exterior or the property has to be repainted in the next 5 years.

Paint the interior with oil based exterior paint.

So, I've made a video of my last house I checked out, a complete walk through (except exterior, which you'll just have to trust me needs exterior paint and some landscaping that I'll do on my own) and I want to let the other newbie's like myself see how my numbers come out.

This one will be a buy and hold in Memphis, TN.Numbers look like this:Purchase price $122kConventional 20% down and financing 80%MAIN HOME: 4 Bedrooms, 3 Full Baths, Living Rm, Dining Rm, Hardwood Floors (Currently rented for $ 1,300 per month - Current tenant for nearly 2 years)Updated Electrical WiringNew Heat and Air ConditioningNew Exterior Paint New Interior Paint Refinished Hardwood Floors Remodeled Master Bathroom (12" Tile)New flooring in kitchen and diningNew Light Fixtures throughoutNew Doorknobs throughoutNew Blinds throughout Large Updated KitchenAPARTMENT 1: 2 Bedrooms, 1 Bath, Full Eat-in Kitchen, Large Living Room (Currently Rented at discount for $ 725 per month to same tenant in 1 Bed Apt (Typically rents $ 785/ mo).

Here's something from Fannie's website:Gross building area, which is the total finished area (including any interior common areas, such as stairways and hallways) of the improvements based on exterior measurements, is the most common comparison for two-family to four-family properties.

I don't want to get into places that require a whole new roof, or new exterior or all new mechanicals.

Here is the situation:-motivated seller that is willing to seller finance and/or lease option-asking price $595,000-3 duplex houses on one lot (2 units rented out for each @ $1175-4 units vacant with potential of $7000)-separately metered -tenant yearly leases-one house needs a full rehab (interior & exterior) -$4596 yr=taxes; estimate $1200 yr=insurance-seller ok with 10% down-zoned for commercial & residentialAny suggestions or ideas.

The HOA fee covers the pool, master insurance policy and exterior building maintenance.