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.

Be sure to research the property thoroughly ahead of time, as there may be limited opportunity for inspection.

After closing I will be going ahead with refi on conventional loan.I already have cashflowing 3 properties.

I My story is similar to yours I'm just a few years ahead of you.

I’m excited about the opportunities ahead and can’t wait to connect with fellow investors.

It’s great to hear you stuck to your plan and still came out ahead, even with a few bumps along the way.

So, it is something to be wary of with the liklihood of choppy financial waters ahead. 4.

This isn't to discourage you but to prepare you for the journey ahead.

You would come out further ahead.

You will start to see people that are a few steps ahead of you in life and investing and can see 1st hand the results.