I can get one through in about 4 to 5 weeks under state law, but now, the feds have extended that for owner occupied.

Snake in the grass tactic to artificially inflate GRM and Cap rate.  

I became involved in investing as soon as i graduated college and I could afford to do more than just invest in keeping myself fed.

The FEDs will make them write the loan down if it is not perorming to their level.  

Found a potential lead...Tall grass in the front yard with notice on the door.Hasn't paid taxes since 2012.Assessor has the owners name as still living at the home.I found out that the house does have a morgage placed in 2009 when they bought it.

I am more than willing to give a few weekends up this summer to look a properties, check out properties, paint, cut grass OR WHATEVER the case might be for the opportunity to learn under someone.

Here are the stats$113,000 estimated ARV based on comps $10,000 repair estimate (seller says $5k but I don't agree)Seller is asking $79,000This property is pretty much ready to go (very close to turn key) the wood floors need polyurethane, roof is metal it needs to be painted and the grass needs to be cut and bushes trimmed.

There are other HOAs that want to make sure everyone's grass is the same shade of green.

Tenants are extremely hard on appliances, it is not uncommon.Landlord Responsibilities: Landlord will at all times during the tenancy keep the premises fit for human habitation, and shall in particular:a.Cultivate, care for and mow surrounding grass, lawn, flowers, and shrubberyb.Maintain the premises to substantially comply with any applicable code, statue, ordinance, or regulation governing the premisec.Maintain the roof, floors, walls, foundations, and all other structural components in reasonable good repair as to be usable and capable of resisting normal loadsd.Keep any shared or common areas reasonable clean, sanitary, and safe from defects increasing the hazards of fire or accidente.Provide a reasonable program for the control of infestation by insects, rodents, and other pests at move in f.Except where the condition is attributable to normal wear and tear, make repairs and arrangements necessary to put and keep the premises in as good condition as at move ing.Provide reasonably adequate locks and provide keys to the tenanth.Maintain all electrical, plumbing (main lines), heating, and other facilities and appliances supplied by Landlord in reasonably good working orderi.Maintain the unit in reasonably weather tight conditionj.Provide facilities adequate to supply heat and water and hot water as reasonably required by the tenant

Central location - relatively motivated sellers - mostly fed subsidized (mental health) - is it worth renovating and raising rents      - is it possible - small Apts (mostly 1 br) - option to hold and cash flow then repurpose as city changes zoning / vision How do you finance a large commercial purchase like this - % down / LTV - amortization / ARM - cash flow requirements - inspection requirements - special clauses for maintenance refinance options later Asset or personal info more important Code requirements for commercial loan Deferred maintenance list -What are main issues with 50 year old apartment building ?