Inspection may or may not reveal deficiencies.

.- You will be forced to reveal to the public sensitive personal information, including your HOME address, your PERSONAL CELL PHONE number, and your PERSONAL EMAIL ADDRESS.- If you forget to register or re-register every year, you will be CRIMINALLY CHARGED and fined $500 PER MONTH for non-registration.- Inspectors now have another excuse to go into your properties to look for problems.A Public Hearing on the ordinance has been (hastily) scheduled for Monday, December 1st.

My credit is excellent and I'm planning in putting about 80k equity in.The dealLocation: Town Center of middle-class suburban neighborhood 5,750 sq foot retail (3350 1st Floor; 2400 2nd Floor)Assessed 265kPurchase Price 200k (Loan for 300k)Current SituationFirst Floor (3350 sq ft)Unit 1-3: 2150 sq ft (Unleased - 1 definite tenant, 1 possible tenant lined up @ $13/sq ft)Unit 4: 1200 sq ft (Leased @ $13/sq ft)Second Floor (2400 sq ft)Units 1-3: 1100 sq ft Leased @ $6/sq ft (storage)Units 4-7: 1300 sq ft (Unleased)Basement (3350 sq ft) Unfinished ConcreteThe assessment revealed some minor issues and a few not so minor issues.Foundation - split between current owner and myself estimated @ 8k eachSeptic - estimated @ 30kBuried Oil Tank - Current owner will remove prior to purchaseImprovements:Planning to convert 2nd floor to residential (2x 2 bdrm apts) estimated @ 45kI'm planning on spreading the major costs over the first 2 years and I'm assuming 5% Vacancy, 5% Maintenance, 3% Management, 2% general utilities (water/common area electric).

Overall though, the kitchen LOOKS better but closer inspection reveals a lot of defects.

They're usually in their late forties, fifties, or even older, making it challenging for younger individuals like yourself to connect with them - and they are busy so they are not chilling with a bunch of younger guys at the local happy hour spot after work because they need to go home to their families.Moreover, many of these investors value their privacy and prefer not to reveal their identities openly.

I think they did the homework and when I checked after offer declined they raised the price 50% bc I think the questions help reveal its way underpriced.

Inspection revealed mechanicals were newer and fine.

Wyoming or Nevada do not reveal owners of LLC, so a lot of investors like to establish their LLC there"

Originally posted by @Ben Dao:@Eric Long I am originally from San Jose so I know how it feels to live there.

My contract states (suggests) that I can only cancel if an inspection reveals problems that were not addressed in the property disclosure.