Thank you for the helpful information that you provided It definitely gave me some assurance that i'm on the right track.

You can not rent anything for $700 or $800, I assure you of that.

Here is rule #1 city inspectors cannot be relied upon for anything, not oversight of your project, quality control, or assurance it is done properly.

That Realtor needs to be reported by your listing agent in the following order until you are sure she has been reprimanded or FIRED:1) Her broker2) The owner of the brokerage3) The local Realtors Association4) The State Realtors AssociationIf you don't report her, I can assure you she will continue to do this.

He assures us it will not be a problem and he goes back to the bank.  

When the indebtedness is more than the house is worth, no 3rd parties bid and it goes back to the lender for $100 over the indebtedness (minimum bid)You can be assured that people are not buying free and clear houses for $100.

Even if they state their requirements upfront and I qualify, what assurance is there that it will pass underwriting and close?

Please rest assured, I'm not trying to sell you anything, as the service/product doesn't even exist yet.

Negotiate fairly and honestly and things tend to work themselves out.In my example the roof was damaged enough by hail that my inspector assured me that it would not pass a code inspection.

You can pretty much be assured that with a 75 unit complex, though, that's not worst case but best case.