Most of what we did was revive its old beauty: revealing and refinishing old floors, installing new countertops, fresh paint everywhere in and out, and fresh landscaping.

She has the equity in the house in order to take a line of credit or re-fi in order to get the construction loan and in my mind, if legally possible, it's a no brainer.I used a tool called "Cover" which was looking to market to me for their services, but it did reveal that I can build up to a 1200 unit in our backyard.Hoping I can get some insight here as I am just starting to learn more about REI and this particular application is slightly more complex.Thanks

A few days later I spoke with property manager who revealed BOTH properties had leaky roofs and water damage, yet sellers disclosed this on only one property. 

I would later find out that owner charged tenants around 180-250 dollars/mo for utility cost since old building and he paid for gas, water , electricity and he didnt reveal that he was really charging tenants 995mo rent and had separate utility charge that made it look like the tenant was paying all 1200/ mo in rent I Had no idea regarding his true expenses and cap rates but realized that cap rate was about 5.5%Also found out that there was a small studio in basement that could easily rent for about 550/mo and he did that to some degree in past two years Anyway once I made offer without all the numbers I came to find out there were multiple offers already made.

In this day and age I can’t imagine they’d give you a loan if it was revealed .

Also, about missed rents, and the lack of PCI (Property Condition Inspections) which would have revealed second dog, the urinating on carpets, and taking PROACTIVE actions vs reactive.

An MBA is an educational scam and will be revealed in its own time.

Initial inquiries to the listing broker revealed that they were going back and forth with a potential buyer, but were not under contract.

The seller was to pay taxes and insurance during the option period, and the buyer agreed to pay for all of the maintenance (an inspection revealed that the house was in very good shape).

There was a tenant living on one side and the other was vacant.After living and remodeling the vacant side, I moved into the tenant occupied side (he moved out) to start the remodel process there.After looking into permits to upgrade the electrical system, I ran across information about the property that revealed it to be a single family home.The zoning for the property does not allow for multi families.Am I able to sue the seller or the seller’s agent for misleading information/false advertising?