I hired a surveyor,  engineer and ran through the process with the city myself. 

Hey everyone,I'm in the process of purchasing a multi-family apartment building and just discovered none of the current tenants have any kind of move-in inspection. 

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

Where are you with the city required Certificate of Compliance process?

.- The whole process is simplified—no co-ownership legal headaches.I’m curious about the pros and cons of something like this.

I have a full time W2 that I'm passionate about, so I feel this process will allow me to time to make sound decisions as opposed to quick fix n flips.

I'm wondering about any potential regulations that might make this a more difficult process than I'm anticipating. 

Building a trusted team is key, so starting that process as you actively search for your market will put you in a strong position moving forward.

However, the process was extremely cumbersome, communication was inefficient, and the loan fees were inflated compared to other deals I have seen from fellow investors.We will be ready to begin the refinance stage of our next project in the coming days, as renovation is finishing up and we are screening tenants.

I'm in the process of vetting some seller financed deals for my solo401k portfolio.