Title Insurance will be the most restrictive).Your illegal duplex might have the same Title Insurance problem as this post:https://www.biggerpockets.com/forums/44/topics/441853-need-help-with-colorado-1972-subdivision-law...although that pertains to an unapproved subdivision of a 10-acre raw land parcel.Good luck.

I had this problem a few years back when starting a commission only job.

I bike 16 miles from Mueller without too much problem), as it would save having to buy a car for her when she graduates.    

We also like the option of not renewing a lease if the tenant becomes a problem. A

Does anyone have any insights on how I can reverse engineer this problem a come up with a possible valuation of this property? 

More than anything, you'll have to provide sufficient liquidity to cover debt service for this loan, and a solid asset to ensure the lender some comfort  - i.e. stable market, etc.If you already have a ton of liquidity and excellent evidence to showcase your ability to generate income, getting a loan of that size should not be a problem. A

Saying hey, I found an oil spot and the neighbors say... isn't going to carry much weight.If you do get (and maybe even pay for) and inspection and estimate to support your claim, then be prepared to remediate the problem as well, since the property is selling as-is.The upside is an estimate will be worst case, and you might actually spend much less to dig up and replace the soil.

So, I think taking it back to the original intent shouldn't be a problem as far as utilities.I will try to get ahold of original licensing to double check that.I appreciate it!

In addition it could have mobile application with maintenance requests and my contractors I could forward requests to.Payments support may be handy as well, but it is not a problem as I have already a system for that.

The 1k a month isn't a problem as our deal will give us plenty to fund.