On this particular deal, there is plenty of parking and there is also a lot of raw land behind the existing structure.

The roof structure was caving in, the dormer was not put in right and showed signs of leaking, floors where very oft needing a complete replacement, furnace and water heater was under water and now needs to be replaced, the downstairs basement had signs of mold.The positive side of things was the lot, the lot was very large.So my question to the community is(1) Is this normal in foreclosure property?

@Sarah Barrett It really depends on how you buy and structure the deals. 

I don't fully understand how tax structuring work so here is my question and I don't have the best accountant. 

If you're adding load to the second floor, it's not a bad idea to get an engineer's recommendation on the structure first.

In addition to that, where this addition was erected to the main structure, it is pulling away.

Is an LLC structure the best option for my specific facts and circumstances?

Happy Friday - Thought I'd pick your brain on the financing terms I was just presented by a local bank:Per his email:Interest rates would be 5.125% for three years or 5.50% for five years; 20 year amortization and .50% commitment fee.We can look to underwrite and approve with 20% down payment if using 100% of your own funds <or> 25% down payment if obtaining a 10% seller second mortgage (15% coming from you).So,I currently own 6 properties (12 Units) with them, financed under a similar structure, that I purchased back in May.Looking to purchase an additional 22 Units contingent on bank financing, so before I move forward, what are your thoughts on this? 

You will want to make sure that the beam above supporting the roof is in good condition as wellif you are trying to fix the columns using similar materials, you will want to make sure the existing block is structurally sound.

We are having difficulty in finding the best financing structure to get the project to the finish line.