If you're worried about break-ins, then you need to secure it.We give our clients several options, including removing & storing the mechanicals to avoid theft.Also, check with your municipality to see if they have any requirements.

The listing agent SHOULD tell the seller to make sure appliances, mechanical systems etc are accessible upon walkthrough/inspection day.

., testing main components, general mechanicals condition, basic roof condition, any major red flags, etc.) for a lower cost.

Honestly, it's not as big of a deal as people make it out to be as long as you're addressing mechanicals, or you're prepared to.

This insures over the standard exceptions which relate to parties in possession, unrecorded easements, survey matters, unrecorded mechanics’ liens, gap period (period between the effective date and time of commitment to the date and time the deed is recorded) and unpaid taxes, assessments and unredeemed tax sales prior to the year of closing.

All mechanics replaced.

If your shell is back to the studs, just getting the rough in phase; insulation mechanical, duct work, electrical, plumbing passed inspection, with the holding costs that will put you over 100k.  

I think (emphasis on think) I have found a deal for me but here is my situation: I am a recent college grad with no 2 year income (just yet) and I came across this property inHamilton, NJ, in which i need between 100k - 144k after all costs (rehab, closing, 20% down payment) I do not have this money as a 22 year old, so I naturally wanted to get an FHA loan but the problem is, its a quadplex that has all units occupied, so i cant really live here because there would be no space, unless there is a way around this.

Hi all, There's a 125 year old MF property that I have my eye on, but it needs upgrades (roofing, electrical is very old, mechanical is ad hoc, asbestos mitigation, etc.).

And that’s too bad, because the concept can lend “clarity of purpose” for many investors.Often, we in the real estate arena, get caught up in our real estate “business”, with an emphasis on “cash flow” or “spendable” income, the professional investors equivalent to salary for the wage earner  and met income to the small business owner.