If so, please update us. 

Are they more/less updated?

And if you try to sell it with an old roof, chances are the buyer will want you to give credit or change it.Please make sure these numbers, insurance, tax, rents are actuals.The electrical may have aluminum wiring, which may need to be updated, and some plumbing means none has been done.The value would be can you increase rents when they come due?

Good luck and keep us updated with what you plan to attack!

Once you give them your criteria it’s typically in a system that is on autopilot and emails you updates.

If not, there should have been some update made during the underwriting process (like if an appraisal came in lower than expected), and an updated term sheet signed.

I am thinking of converting it to a regular apartment so rents can be raised easier and increase the sale price in 2-3 years. 

🤣 Keep us updated, I’m curious how this ends

We would expect this to be updated if anything new was passed. 

Fresh paint throughout, minor repairs, updated outlets/switches, backsplash tile in kitchen/bathroom.