We manage a bunch of ADU’s and higher density new builds for investors in Raleigh and Durham.

The sale price will most likely be around $500,000 and the mortgage is currently about $200,000.I plan on using the profits (let’s just say $300,000) to build an ADU on property that my family owns in Central Oregon.

And, yes, there are years of data points to validate that just within my office, tens of thousands of dollars of wasted appraisal and inspection fees for deals (mostly not mine, thankfully) that had 0.00% of going anywhere but the "Loan Application Declined" bin. 

It will be a run down apartment building before long.

Usually when I close on a house, the insurance company sends out somebody to do a visual inspection.

Build your portfolio as your knowledge and wealth increase. 

@Samuel Gebretnsae I’ve inspected properties that were having repairs done to them for water damage during the inspection.

Yes, I’ll check with regional building, but curious for additional thoughts here.

Have them start touring you around to inspect the work about !

We paid them $2,500.00 in fees (underwriting, inspections, title search and their fees) before closing.