Then it makes sense to spend money on the inspections, surveys, contractor bids, etc.Financials - Review of the financials can be tricky, particularly when the current owner has not kept the books correctly.

So the restriction only allows it to be rented out for half the year correct?  

Physical property inspection, on the other hand, includes checking out the property's state, walking through each unit, and figuring out what repairs or renovations need to be done.It's smart to get professional help to make sure that the assessments you make during due research are correct.

If I understand this thread correctly, you (the buyer) have some sort of contract interest in the property rather than title to it. 

Am I correct that you are doing a house hack ex. buying multi-unit and living in one?

You are correct, All of the standard Market companies I contacted would not write the coverage with an open loss.  

Sean is correct here and put it perfectly!

There are many versions of a correct answer to this question. if you are new, it might be worth considering a basic single family home first and foremost.

Myself personally, I was taught how to appraise by an MAI Appraiser, so fortunately for myself I believe I was "correctly" trained and use "correct" actions for formulate my cma's/BPO's. 

Most of that time is spent on my weekly visits to each location to make sure they don’t need trash picked up and to make sure the lawn or snow removal is being done correctly.