Here are the big issues that I ran into, which ultimately kept me from pulling the trigger at the time (not to say I won't revisit).

There is wealth of information here but I think it is as important to quickly pull the trigger and invest.

.* New windows may trigger the need for bedroom windows to be brought to Egress code.

A sub 2 can trigger the due on sale clause unless you get approval from the note holder and is usually done as a direct to sale resolution, a wrap is usually done with longer term benefits to the seller and through a proper title company that can assure its legally set up and protected from clauses triggered

For the past two years I have read, researched, drove for dollars, assessed deals, looked at properties in my area as well as distant properties and I have yet to "pull the trigger".

If there is no rental licence, you will have to go through a long zoning appeal process, then most likely have to file an appeal with the Board Of Building Standards because i'm assuming there is no sprinkler in there, which is usually not an issue with existing triplexes, but if you're changing the use from single family to triplex, it will trigger a sprinkler requirement, among others.

Tou must be ready to pull the trigger I personally recommend that you save enough to buy first and then while you’re waiting to find the right property continue to pay down debt.  

Little different model.But basically why your not seeing inventory in B ham from Spartan et al is the inventory has dried up ..

That way you’ll know exactly how much you’ll be pre-approved , and when the right property turns up you’ll be ready to pull the trigger.

Looking back on it, there were other indicators I should have caught but the heloc reduction is what finally got my attention that we may not be headed to a normalized market.Once the easy credit dried up, it was a snowball rolling down hill.