Most Brooklyn guys have moved on to the Bronx after picking Brooklyn dry so keep your eyes open about that borough as well.

Escambia for instance is very cut and dried, you pay you stay, no pay and you go.

TL;DRI am thinking of buying 8 4-plexs for my first deal.

Most inspectors won't do an inspection without a 3rd party to protect them from the liability questions above.Also note that most standards say that home inspections are non-invasive so we aren't moving furniture, or tearing off dry-wall.  

Hello,The inventory of investment grade SFRs has completely dried up in my target markets on MLS (foreclosures and short sales).

We just took off the old sheet material and underlayment and even after more than 15 years there was only one area about 1 foot square in size that had some wood rotting.  

So he would have a capital contribution, it's just not as cut and dry as him writing a check.  

Or dry rot. 

The buyers had dropped their offer down to $197 based on an appraisal that came in at 190k (the exact thing that we were drying to avoid by writing an exception into our initial counter offer).

Pay for a Prelim Title Report - - this is what the bank and title company would be looking at.If a few hundred dollars keeps you dry on the docks, it's better than falling into the water filled with sharks.