Here are some links (I have posted on other forums also):Union City Rent Stabilization Ordinance2018 AmendmentFHA however tempting is a massive rip-off in my opinion. 

Eventually you do have to just rip off the bandaid and do a deal.

However, we are now working on 6 different properties all at the same time and we have several bank accounts and this accounting stuff makes me want to rip what little hair I have left out. 

It won’t work out too well if you need to have a sheet of drywall replaced and do it BEFORE you replace a section of a leaking pipe inside the wall, because you will ultimately need to have the wall ripped open again and will add additional costs.

If you can afford to and prefer to rip it off like a bandaid and cancel them and get it done that is certainly one way to go. 

Ripping out the wood paneling/disposing it is costly and drywall/mudding and taping for an entire complex is going to hit your rehab budget hard2.

I bet if you ask the inspector if they guarantee there is a leak if you rip open the wall they won’t say yes.

Worst case the planning department makes you rip it out.

(Yes, if you property manage all them, I get it could be somewhat passive… but PM  is a total rip off and from most I talk to, you still are a major cog in the machine even when you do have PM.)  

Purchase price: $32,750 Cash invested: $5,000 small single family that we ripped out interior and remodeled / upgraded.