If you need help or references for insurance pricing message me or send a colleague request, and I would be happy to give you some good fundamentals to quickly assess if an opportunity warrants a closer look.

If that's the case, you arent' covered.It's supposed to be to get a building permit to put in an extra kitchen, (i.e. to make more rentable units) the permit would only be authorized if zoning at the time allowed the quad....or the waiver was granted.Does your seller warrant that all modifications were done to code with legal building permits?

You need to find a good servicer, attorney (if foreclosure is warranted or just attorney-like initiatives, if you hire people then you need to make sure they know what to do for what you need them to do), and just staying up on what is going on with the Note - I'm not sure where the "service" stops with a servicer - do they contact the Note holder if payments are late (still learning the process so....).

But it looks like the property wont be warrantable because about 50% of the units are currently rentals.  

i understand, and thanks for your concern....for the record i have an insane amount of insurance on my properties and a commercial liability on myself personally....im up to close to 2.5 mil in insurance...i dont know how long the other ventures might last. i dont want to set up, file, manage and possibly dissolve an LLC if the ventures fall thru.i understand your approach but before the ventures scale into a full business maybe next year i dont think they warrant their own LLC.  

And nearly always, it was warranted.  

We've done rooms where the carpet was new enough to warrant this first before replacing because we caught the leak early.Just make sure sub floor is good and dry before you put it back.

Plus you have to deal with the inspections that can warrant necessary repairs and upgrades because, let's face it, Section 8 is a goat rodeo

Don't forget your exit costs such as agent commissions and seller concessions.For the exit plan on the condo, is the complex warrantable?

If there are circumstances that warrant changing this, such as tenant hardship, or we don't want a tenant to move out in a "slow month", we can be negotiated down, but there's always an increase of some amount.