Great list @Ky Sharp If you are confident in your analysis and buying all cash the appraisal/bpo isn't necessary but an appraisal may help you negotiate if it comes in low.We like to have two or three mgt companies walk the property during due diligence and propose their mgt plan that includes a capex and/or repositioning budget.If the subject property and all properties nearby are the only things ever built on the land there you may not need a phase 1 environmental but if it's a large property and/or you're bringing in outside capital (lenders or equity partners/investors) having one demonstrates your thoroughness and professionalism even if one is not required.If there isn't a recent survey one it may be required but if one is not required getting a new one falls under the same considerations as above.We have gone to always having an engineer do the inspection even though it can be 2x what a non-engineer inspector may charge.

Nobody panic.Neither Freddie or Fannie have changed DTI requirements in LP or DU, and both underwriting engines accept some loans with DTIs greater than 43%.

But not engineering/foundation work.Space to add something small to stand out is awesome.

, a passion for being out in the woods or on the Bay, and a 9-5 job as an engineer for Johns Hopkins that I can't wait to say goodbye to.I'm looking forward to participating in the BP community as a giver and a taker!

BS and Masters degrees in Mechanical Engineering, both from state schools in the rural South.

Starting in some niche is being a technician on one machine you'll never be an engineer to devise your own deals out of different situations unless you know the basics.Then, you'll be able to vet any mentor, you'll know if they know what they are talking about or if they are snake oil sales types with strategies and programs that are designed to separate you from your money. :)

I am a civil engineer that has been reading and learning about real estate for the past 5 years.We have yet to purchase an investment property but we have purchased two homes that we have lived in.

I would certainly hire a structural engineer to evaluate the structure before adding a second story.

Reverse engineer it to determine how it is/was offered as an investment to qualified investors.2) Many, if not most hotels, are split into separate entities.

Or you could have this checked by structural engineer, or architect.