Multifamily real estate has traditionally been a stable asset class, and the Washington D.C. metro has traditionally been a stable market area, making the two together a good safe bet, especially for anyone with a long-term view of their investing strategy.

Now if you've followed things this far kudos, and I bet your feeling some lumps.

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

Looks like biting the bullet and getting an engineer may be my best bet.

Make sure any renovations comply with local regulations and obtain the necessary permits if plumbing changes are involved.

As others have said, you will get lent more money usually with rehab involved than on a straight acquisition loan.

My advice to you is that syndications involve more layers of what I would call "Middle Management" - which takes money (profits you might call them) to fund.  

Overall, while multifamily properties can be lucrative, they require careful consideration of the financial and operational challenges involved.

Everything in the other states we're involved in has re-opened or is in the process of re-opening.

What does the inspection process involve?