@Patrick Shawn Faherty there's certainly enough feedback on this forum that anyone should be able to make an informed decision about MI, When evaluating any turn key companies, there are the things one should look for.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investors Require you to close before a tenant is in place

20 to 25 year amortization is pretty standard for commercial loans, in my area at least.

Since Joe is not a registered lender, Joe is not held to the same standards as a lender and the sale could be a wreckless and poor activity by the bank putting Bob in that situation.

For purposes of this Regulation, “apartment building” meansand “apartment house” as defined in LVMC 19.18.020.Effective December 5, 2018, a short-term residential rental may be allowed to operate as a conditional use,provided it meets the following standards:1.

Ok but "should have known" and "did know" are two different standards, and unless the seller had a survey done before it was put up for sale that clearly labels the roof as crossing survey boundaries, I doubt you can make a case there for fraud ( which is what willful failure to disclose is).

Augustine standard where most in fill lots are around 50' x 100' to 125', 200' deep dryland is a good lot.

All prior currency changes were led by a gold standard.  

You should also be aware to make sure what was provided does or does not meet industry standards.

------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The agent said this is likely a market standard.