NFPA 72 outlines locations, batteries are for backup, many AHJ's require 10 year batteries. 

The structural evaluation that is now required (should have been common sense) is being done for the first time in fifty years in some cases.  

Anyone else agree/disagreFear based online content get's the most clicks.

If the balanced is refinanced into a conventional loan there would need to be enough value in the property to meet the lenders CLTV (combined loan to value) underwriting requirements. 

In our previous example of $4k net monthly income the disbursement would be as follows: $4,000 Net income$1388 principal loan repayment to majority partner $1305 (50% of $2612) to majority partner$652 (25% of $1305) to each minority partnerAs your parents, they might not require or care about the same rate of return, or a return at all (except the equity position) especially if they're planning on utilizing the property for personal time.

@Jeffrey Albaum @Christian StylesMy flipping biz does ~20 projects a year and we track everything post-purchase in QuickBooks Online. 

Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

Historically, real estate appreciates 3% - 4% annually.It may be possible, that an area like Austin will appreciate more.Austin, TX, from my understanding had many years of crazy appreciation and recent years of negative appreciation.There are also a lot of reports that Austin, TX has a lot of new rental supply that came and is coming into the market.What is your required return from an investment?

The first plat has the house (recently appraised at 154k) which requires more work than we'd like to put into it.

.), and it also requires the property to be in my name (not in an LLC).Does anyone know of a bank that will do HELOC on rentals in NC that do not require the property to be in the owner's name and/or is not limited by how many mortgages you already have on other rentals?