That being said, Santa Fe and all of northern New Mexico, for that matter, is much lower on inventory than the demand and this has been an issue now for years.

Ideal for me.The only issue is structural issues; the agent recommended that I go with a FHA 203K loan.

So far, zero issues.

Issue now is more that deals dont cashflow with high leverage but if living in it or banking on appreciation can be a winning strategy forsure! 

If she offers additional information that resolves the issue, then you can consider whether you want to try again.

If it is normal and it's out of budget for you, you can either use financing to lower your cash outlay, partner up, or find a different property.If the work is cosmetic, it wouldn't be a big issue to tackle on your own, but if it's more than that, probably best to play it safe and hire out.

@Tiffany Tan we see two issues:1) Your PMC not responding to your emails within 24-48 hours.- We all get busy and can't respond to everything ASAP, but 24-48 hours is not hard to do!

While the sweep is around $200 to $300, removal a couple of thousand, a contamination issue could be anywhere from $5k to $100k.

Not bc of their cost basis (bc that's their issue) but moreso do to the fact that they could get jammed up on their equipment rental, which could impact the project, ultimately costing the developer.

The most common ways(and maybe only ways currently) to cash flow here are large, high priced & high performing STVR's, or multi-family properties.