This extra year gives property owners more time to schedule inspections and make necessary repairs.Key Points:Applies to multifamily properties with three or more units.Covers balconies, decks, and elevated elements made of wood or similar materials.Inspections must be completed by licensed professionals and repeated every six years.Hazards identified must be repaired promptly.With the extension, now’s the time to plan ahead.

They cover west wood and other west side areas but there are certain places they said they would not cover such as college hill.

The implication that anyone who pays for college education, or works at a 9 -5 job is stupid 

Most folks divide up the schedule into four categories.

Proceeds to segregated account to be disbursed ONLY on rental property improvements and expenses to preserve the deductibility of interest on your Schedule E.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

Initially, this might seem like a great idea as you can maximize rental income by renting out bedrooms kind of like college student rentals.

You can easily tag each transaction using categories that synch to your Schedule E for tax time.

However, at this point I would give them their pay or quit notice and then mid January if they don't pay in full as promised I would be ready to proceed to schedule the court date. 

This email gives people yet another opportunity to self-select out of the application process based on my expectations and criteria before an actual showing in scheduled.