Quote from @Marshall Rousseau: They sound like awful tenants.When you expect something from someone, give them a deadline and a consequence for failing to respond."

All it takes is one inspector to be perticular about the measurement, and it could cost you your entire basement, or add the cost of trying to lower the slab After you completed your remodel, which means a lot of rework...One additional bit of information related to the City of Chicago Building code which I hope will help someone in a tight situation down the road.

It a great tool to use if you are tight on your budget.

Because we needed more time to gather quotes for the work that needed to be done by contractors we trusted, we extended the deadlines in the Property Inspections Notice (PIN) on multiple occasions so we had enough time to better understand the issues and also protect the buyer's deposit.I'd get a few good contractors on hand, have them give estimates (see if they can even do it using the inspection report if visiting the property isn't possible) and have the seller compensate you an amount that you think is fair (it may not cover everything, but is it enough to still make the deal work?)

@Elan Adler,As @Michael S. said, a $250,000 budget is going to be a bit tight if you’re looking to buy in Huntsville proper.Luckily, your budget would go a long way in nearby suburbs.

That is a very saturated market for STR so I do think it makes sense that 1/3 is underperforming, but based on taking a loss now, I would probably stay tight and keep going because you have the set up in the area.

Sometimes you may not fit the tight requirements of credit unions or banks.

After much more supplemental research and reading through Montana chapters for their tax lien and auction process, it would be a tight window to tackle this year, though not impossible - at least if it's something I would build on next year.I expect close to 160k in forced appreciation from the rehab on my current home.

Financially, I have a somewhat tight budget, 1) Single Fam Reno's - I keep 125-150k as working capital for my BRRRR's (normaly keep 2-3 houses purchased and in line).

Unfortunately the numbers are tight because there is more competition of small units and even somewhat competing with hotels with a 2/2 as some hotels have suites.