@Harjeet Bhatti Is a Gift of Equity eligible on a property that has apartments and commercial underneath?

The joists are all wood underneath, does that mean modular?

The list for new builds can be a lot trickier (poor construction/ construction defects, new materials being used that haven't stood the test of time yet, foundation issues from expansive soils or bad concrete being used (harder to know because the damage isn't visible yet), sewer line might be already jacked up or done wrong, windows or roof may not have been flashed properly but water damage isn't visible yet (I've seen new builds where you could literally see daylight coming in through gaps around the windows), grading or drainage issues, truss rise, nail pops, water intrusion, cheap appliances only made to last a few years or poorly installed, dirty ducts from registers not being covered during construction, wood shrinkage cracking the sheetrock, doorframes off/sticking doors and windows, apparently mold and meth may be present already... both old and new require due diligence and an experienced inspector. 

Our strategy would be to live in the property until we have our legs underneath and then slowly expand into more properties in the area/region.

One way would be to create a Series LLC that has child LLCs underneath it and having Land Trusts underneath each child LLC.

Which is another reason I wanted to seek help on the process of due diligence because we wasted money on the site plans, soil test, geo tech etc. and the deal didn't go through. 

Appliances break, sewer lines get clogged, water splashing from the tub/shower gets under the LVP floor damaging the wood underneath.

And I'm not even talking splash and dash work but simply renewalTake up old carpet and refinish the hardwoods underneath cheap and easy as heckProfessional interior paint and trimReface cabinets, new appliances, new vanities in bathroomsclean the place new doors instead of those ugly old brown onesNew light switches (trust me here), faucetsnew light fixtures"shrub up" and trim the lawnOn a small house you would be hard pressed to spend 15KNow rent it to tenants who love it and who might buy their own starter house in a couple of years.  

There are now billions of dollars of real state in downtown manhattan that is build on what used to be covered with water although i don't think anything of a similar scale will be happening anytime soon.... there is a lot that needs to be done from soil analysis to dealing with local municipalities which is why none would write a book on it just about every zoning board and city council goes about business there own unique way...

I am looking to buy new construction of townhouse and surprised to see that seller passes following fees to buyer in closing costs:Impact Fee - Water: $1129Impact Fee - Waste Water: $2554City Development Review: $8128Environment Review: $275Water Connection: $775Electricity Connection: $112950% Credit for City Development Review: ($4064) Total: $15,426 - $4,064 = $11,362Plus they already want to charge buyer builder fee that is 1.75% of purchase price.I know everything is negotiable but I have never seen that buyer paying any of these impact fees, review fees and utility connection fees (If so, why don't sellers charge buyers soil test, elevation survey, architectural drawing, pluming permit etc.?