Sprinkler system check Mot all of this, excluding the plumbing, will be on the $500 inspection report with a well rated local filling you in on all the details with pics.  

If you know anything about our justice system, you know that criminal charges are often negotiated down to lesser charges.

Otherwise, I would check with your local zoning/planning department to confirm that you can add tiny homes to the property and what inspections/septic systems need to be set up.

We were told that local legislation prohibits draining into septic system or into street gutter and the only legal draining was into own's household sink drainage system.

While I don't raise debt offerings, like Chris does, my general sentiment is that many investors are wanting more security these days versus equity, and those that are open to equity, at least in the multifamily space, are looking for very high returns, given the perceived risks they are hearing about in the news.

I tried cash for keys, but this guy knew the system and milked every angle.

@Raj BalakrishnanPretty much every county and every state has its own computerized public records system.

You could do that for 3-5% down.. live in it for a year to meet typical requirements for use… then move into a new house, and ‘voila’ - you bought your second (multi-family) rental for 3-5% down instead of 20-25%.It is entirely possible though that you will face debt to income issues on your first rental if your lender wants to see a year or twos worth of rental history before counting your rental income to offset your debt payments…so beware of that.Otherwise you may have to look at creative financing… maybe bringing in a money person where it was a short term investment for them, like “I’ll give you 8% on your money (versus the 4-5,% you could earn from the bank CD) if you will partner with me on this purchase.”

How old are the main mechanical systems HVAC, Water heater, Boiler?

Are you upgrading the old 110v electrical system to 220v 3 wire?