The desk fee is a reoccurring monthly fee.

The house probably doesn't have proper drainage and can be a reoccurring issue.

Even if I were to pay or help cover the cost of remediation in the home, it would likely re-occur due to source being the neighbor.

To harp on the starting costs and reoccurring costs annually and monthly. 

Please correct me if im wrongdown-payment: 400koriginal note pay off 250kRTF 8kcapital gains tax aprox 20% of 100k (400k-300k)gain ) = 20klawyer and fees 12kNet cash on closing 110k6% Trust Deed for 450k over 15 years will generate about 4k / month trust deed re-occurring expense or initial expense. is there one?

It has caused major rot and we already had to replace joists under the flooring a few years ago and the issue is reoccurring. 

Fannie/Freddie loans just carry better rates and terms (in general) so we try to go for those first.Here's some bullet points on how income is calculated with Fannie/Freddie and S-Corps:W2 income – that’s easy, you probably understood that your W2 income can be added TO incomeK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added alsoAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomeAnd then they would average 2 years of these data points to come up with your "qualifying" income. 

If it is a reoccurring issue, then we send our notice to cease and begin the eviction process.

Forms of this debate frequently re-occur around these forums. 

Cons: my grandfather hack jobbed most repairs. leaking roof, stoop and porch need redone, lower unit kitchen needs complete remodel, 4-5 coats of paint on all walls, reoccurring mold in 1 bedroom and same bedroom needs insulation, upstairs unit you can hear anything and everything, all doors are original that came with the home, also have 4-5 coats of paint on them. small cockroach pest problem (not severe YET), Bathroom needs remodel and sewage lines need repair.