The inspection showed more issues than we expected but the seller wasn't willing to negotiate so we cancelled in the due diligence period.

The latter means you can also do an inspection of the home and see how things are.

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

Additionally, in Co-Living the property manager walks the property once per month to deliver toilet paper & cleaning supplies (aka property inspection).

Additionally, in Co-Living the property manager walks the property once per month to deliver toilet paper & cleaning supplies (aka property inspection). 

They will schedule an inspection to verify that the second bedroom does in fact exist in the apartment.

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

In addition to taking 6-9 months to close, they are also subject to (i) annual audits, (ii) annual REAC property inspections, (iii) recurring annual MIP payments on top of your interest rate, (iv) large initial deposits to the replacement reserve, (v) commercial space limitations to 15-20% EGI / 25% NRA, and (vi) less forgiving underwriting with 7.00% minimum vacancy rates when determining our underwritten NOI.

Inspection was average for the age of the house around 90 years old.

We build a stacked triplex in columbus ohio but you could do it anywhere that land makes sense.