Maybe a mortgage lender can chime in.

You must have built the trust to know they aren't telling you it's bad so they can take it.

It sounds like you have an un-permitted unit, which is essentially always a risk since there has been no notice to the AHJ that it exists and they can therefore initiate a code case to have it removed in most cases.

The guide should help you out in that respect.

Glad we're secured, but nothing in rei is passive.

That's a pretty awesome place to be in!

I found the son on Facebook and sent a quick intro giving my condolences, expressed my interest in purchasing the property, and provided my phone # in case he decides to follow up.I'm in the process of preapproval with a couple lenders, and have reached out to a couple realtors in my area to see which may be a good fit.

Currently situated in San Diego and can only afford rent for now because house prices in SoCal are bonkers.

In either case use the contract to create some built in relief - a longer than usual closing period or due diligence period, or finance contingency.  

Investment Info:Single-family residence fix & flip investment. 176 Wildwood Road is a single-family home located in Sag Harbor, NY 11963.