I'm pretty sure they can vacate just one unit with a 90 day notice as long a they intend to occupy that unit, whether it be an SFH or apt.)I'd sit tight until you hear again from the new owners.

Two things I am less confident about are: 1) the construction quality (is it a "cracker box", did the foreman let the guys cut corners to make a deadline or save a buck or simply because he was too busy) and 2) if the home in question turns out to inspect well, how how well the neighborhood is going to fare over time if it's less than 5 or 10 years old?

The funny thing is that the lender had the inspection report and appraisal for 3 weeks and waited until today the deadline to review the parameters, leaving me indication the loan would fail or for me to find another lender.

These tend to have pretty tight tolerances so even a little frost/ice inside could be preventing the pump from pushing the water out.

Had it not been for some certain principles I learned from him, I wouldn't have been able to make some of the investments I have, survived the sanity-trial of becoming an entrepreneur, and have a tight grasp on how to make things work.It's true, it's not a how-to book.

Between mortgage payments & renovation work this process isn't always viable for everyone--especially if you have to sub out a lot of the work and deal with missed deadlines and sub-par execution.Hopefully it gives you some insight, but there is 100% absolutely nothing wrong with buying turnkey.

Really that simple.Of course, the pitfalls are:- Extra time/effort/risk in permitting- Extra holding costs- More risk to the budget- More risk to the project if you're experienced/comfortable doing additionsI think this is something that any serious rehabber should have in their arsenal, as when inventory gets tight, these types of deals are often the ones that are available/profitable.

This is pretty tight, as many investors like to be at 70% and below (depending on the area)You have to make sure no major repairs are needed so that you can keep most of the profit in your pocket.- This is what you do.Have a local real estate agent pull sold cash comparables in the area within the last 90 days.

Business secrets are tightly guarded.

You want to put the stripper on quiete thick as thicker and "air tight" the coating the better it will work.