Just throwing a ping pong table on a concrete slab in the garage is marginal.I had an STR buyer in Conifer, in the mountains outside of Denver, turn a massive unfinished walk-in closet into a little arcade area with two comfy lounge chairs and two vintage arcade games.

If we see too much or see anything that looks suspicious we'll ask about it and maybe disqualify someone as long as we're adhering to fair housing and HUD guidelines, but that's not usually something that comes up. 

Many think if they only do 1 loan they have an exemption, which there are some things you may not have to do to do one loan, but you still have to follow federal guidelines such as using a servicer, sending compliant statements etc. 

The original author of the Cost Segregation Studies guidelines in 2004 and its recent update in 2022 is the managing partner for my firm.

Our front concrete steps are sinking, disconnecting it from the foundation.

Broken concrete and curbs on every other home?

Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.

Fannie Mae updated guidelines that now allow you to do just 5% down on a 2-4 unit property!

This guideline means you should not pay more than 70% of a property’s after-repair value (ARV) minus renovation costs.

The main thing I would look for is breadth of underwriting guidelines and customer service.