Consulting with a zoning attorney is advisable to assess the feasibility of your project and guide you through the necessary procedures.Hope this helps!

I understand a very high deductible may result in Tenant not reporting small issues that may grow to become expensive repairs.Any advise would be appreciate.

Readers are advised to seek professional advice.

Is it advisable to do it with no money out of pocket?

Then, if the amount is less than the asking price, advise you on the chances your offer may be accepted.

I also hope you got a personal guarantee and have advised your borrower that you intend to enforce it.

So far, we have received this advise from appraisers in the Maple Heights area: 1) Attach all offers so the next appraiser can better understand the market value, 2) Provide a letter from the Maple Heights Building Department discussing the addition of the egress window making the bedroom conforming livable space, 3) provide comps for similar properties sold in the Maple Heights area (these do not have egress windows), and 4) create an itemized list of improvements and cost for renovations to the property.We are grateful to the Bigger Pockets community for their advice as well. 

IF investors are advised before making their investment that there are risks and problems can occur, then the sponsor should be able to keep investors informed of problems without “shame of failure”.  

Would still advise looking over it and tweaking it as you see fit!  

It’s advisable to consult with a tax professional or financial advisor to determine the most appropriate approach for your circumstances.