I figured this was a great value add opportunity and a way to lock a property before competition comes in when/if rates drop.

If you are inside a city limits or police jurisdiction, the inspection department can tell you what is required currently, what is triggered by property updates, and what the exceptions are.

Otherwise, continue the educational journey until you’re feeling comfortable enough to pull the trigger on something.

He really has been a rockstar and is locked in to keep doing more properties with me.

Try to establish relationships with common services needed for your property, such as, plumber, electrician, handyman, septic, lawn, locks, etc. 9.

Lastly, I would ask them what their rate lock policy is, as you want it locked immediately upon the credit pull for at least 30-45 days. 

He says "she is dealing with personal issues, her ex boyfriend tried breaking into the unit several times /sending her threats and shes not available".I have replaced the locks for her and beefed up her security in the past. 

You need to have all your ducks in a row and be able to pull the trigger fast if you see something.  

Sometimes control can be more advantageous than ownership.With the terms locked in place my plan was to sublet the lease option.  

But they'd lock me up if I used this in Seattle :)