.- Communicated Findings: Informed you promptly about any POS violations and discussed the implications.- Negotiated Solutions: Worked with the seller's agent to determine whether the seller would address the violations or if you would need to assume responsibility, potentially negotiating a price reduction or credit at closing to cover repair costsWhy You Found Out LateThe fact that you discovered the POS violations only five days before closing suggests a lapse in communication or oversight.

A quick Google search for the Ashland, KY area only list a larger local company and I'm fairly certain they own all the properties they manage, or out of state companies that I'm not sure would manage quads (which is probably where I would start). 

To overcome these challenges, many borrowers focus on building strong communication with lenders, providing clear and detailed exit strategies, and ensuring thorough due diligence on the property.

Or you could buy a SFH in the suburbs but duplexes in the suburbs will be a fair bit more expensive.Anyway, I think Detroit is a fantastic place to build wealth now and in the coming years.

Communicate with the family about the belongings and when they will come to get them.    

As long as your purchase price + rehab costs are equal to or less than fair market value then you're good to go! 

Noted on the units too, ideally a nice 4plex would be the best case scenario but as you mentioned anything is better from a financial perspective than paying the amount in rent I am currently.This market could cash flow pretty well at 20% down if i find the right property as the prices are below national average and rents are actually fairly good in comparison to property prices (plenty of 1% opportunites on SFH with a minimal cosmetic TLC). 

GPs will either need to perform well (communication, good return, etc) or they will be challenged to get LPs.- The best cash flow in this market is achieved via STR, MTR, or rent by room. 

That's a good example of a 'healthy' mortgage market albeit fairly astonishing that banks would consider the revenue data accurate and consistent enough to lend on.

@Adria T. the PM company has to communicate, get a tenant in quickly and be able to handle items that are unforeseen..