As long as it will pass an appraisal and not be "Subject to" major issues you can get a renovation or personal loan for work.Unless you are cash fluid and can add some cash back into the property and then pull back out on the ARV refinance.

We feel very confident in our underwriting, but given the jump that we made from SFH to an apartment building, we want to ensure we're not missing steps in our DD/inspection plan.Here's our current plan:1) Have a general inspector complete a Property Condition Assessment.2) Have specialists complete an evaluation of the roof, electrical, foundation, and heat source (2 steam boilers).3) Review financials, all leases, existing service contracts, rent roll, tax assessment, rental certificate, and 12 months of work orders.Here's what I'm not sure about:1) Are there DD items (specifically those that we would request from the seller) that are not captured within #3 above that we should be requesting?

Property management is a pretty painful industry similar to general contracting... no one ever calls to tell you how grateful they are that the heat is working lolHere in Illinois, the answer is yes or you at least need to have a managing broker on your team as JW mentioned above. 

Plus, we didn't budget for furnishing the personal care home, or the the cost of appliances and air and heating. 

Moving in 4 years and not sure if I should just reline the flue and hope the furnace lasts until we sell; bite the bullet and replace the furnace with a heat pump; or reline the flue and replace with another oil furnace.

I had him give me bids for some other jobs but after my bad experience with him and a heated argument, I told him to forget about the other projects and just finish up the doors and be on his way.It was stressful for me, but what helps balance it is to remember that YOU are in charge.

I did just recently split my heat and that will take years before I actually see the difference.

I dragged my young children with me and had them sleep or wait in the car in the crazy summer heat while I made repairs, more times than I can remember.

Make sure you also ask the inspector how it works in the transition from heating to cooling in the winter and vice versa.

It is the rare pet owning tenant that properly cleans the tops of door casings, inside heating vents, along the edges of baseboards, and a hundred other places where pet hair and dander gets caught, so you can generally count on needing extra cleaning. 4.