Or else should I mandate a separate pet liability insurance?

Some investors will choose to simply foreclose and do not humor renewed credit extensions outside of statutory mandates.  

@Michael Lemieux, Apparently the state mandates a minimum 5% interest, regardless of the result of the auction.

He was telling me that in recent years the state has mandated that assisted living projects can be built in any suburbarn plat--i..e no restriction against them as commercial etc.

Anyways - my .02   Also dont go cheap on the bathroom doors - I'd put 36" or the next size up for bathroom and room entry doors -- this could be mandated by code as every state is different as we've all talked but the larger the doors the less issue you'll have and larger doors and larger bathrooms can also give more leeway in taking care of heavier care patients which is more revenue for the facility.

My question is: would it be a good idea to mandate that I have a visual inspection of the garage and its contents before proceeding.

Typically if you are in a neighborhood of duplexes or fourplexes, it won't be as nice as one that is built off by itself (which zoning doesn't often allow).Consider also 1970's brick ranches with basement apartments, where zoning and ordinances don't mandate that the person living in the apartment has to be related?  

I'm doing that now before getting my feet wet in investment and I have learned a lot just taking the state mandated 9 credit hours at the local community college.  

It appears they have mandated a 20% contingency on top of the total amount estimated for rehab.

I don't think we will ever mandate that a user enter their location, but I do think that they do themselves a disservice by holding back on that information as well as the other info that we ask for in a user profile.The more complete a profile, the better your opportunities, and the more likely people who are looking for someone like you will be to find and do business with you.