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

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.

And, yes, there are years of data points to validate that just within my office, tens of thousands of dollars of wasted appraisal and inspection fees for deals (mostly not mine, thankfully) that had 0.00% of going anywhere but the "Loan Application Declined" bin. 

After the home inspection, we opted to cancel escrow and requested our EMD back.

It’s ok you can go and inspect.

Quote from @Lee Loen: Hi,I'm an investor looking to acquire land, build, and sell luxury homes in the Scottsdale/PV area. 

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

Find someone in the neighborhood of your building to help you out.