Lots of houses have flood designation amendments if they are up against little creeks, so they wouldn't disclose any issues because they had their boundary inspected and ruled OK.

So if a bathroom sink is going to be replaced in exactly the same location, you'll be fine, but if you're moving it a couple feet over to accomodate a larger tub, then yes, you will need a peermit and inspection.

He bought the property pre COVID, so his cash flow is definitely going to be different than what mine will be.The question I'm wondering if its a good idea and if the numbers make sense.Purchase Price: $100,000Down payment: $20,000 (20%)Current cashflow: $900Property manager: $90 (10%)His expense for 12 months was only $1,430 (inspections, repairs, management, eviction services). 

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

I recommend teaching him basic construction and property inspection (4-point items); 'lipstick on a pig' can kill an investment and reputation faster than anything in this business.Best...

However, be prepared for the properties to meet certain health and safety standards, as Section 8 housing requires regular inspections.5.

I had to deduct 5K off one sale and 9K off the other once the buyers did plumbing inspections...

Quote from @Corey Gelineau: The inspection contingency is used to legally back out of a contract due to the property being in an unacceptable condition upon inspecting the property.

Since Section 8 properties often need some work to pass inspection, you may need around $10k or more for potential upgrades or repairs.

Had our son a few weeks later in July, and did all of the inspections and loan over the next month, and ended up closing in September.