A good home inspector will provide a detailed report with pictures of all systems from the roof to the foundation.

We have 3 now and I really don't understand the mechanics of owning more than the limit imposed by lenders.Any advice will be appreciated.Thanks in advance,Cheryl and Jack

Thanks in advance!

Thanks in advance!

Appreciate in advance for advice. 

thanks everyone in advance for any help you can give me.

I would ask seller for a delinquency report as well.

If you have a well-maintained unit in a decent area, your tenants will want to stay, even if the increase is substantial and it is within market rent.BTW, prior to purchasing, ask the owner for copies of the most recent utility bills, tenant estoppel certificates (signed paper from tenant stating financial terms of the lease) and CLUE report ( A report that lists if any insurance claims have been filed against the property in the last 7 years) to ensure property is insurable.

Thanks in advance.

In addition, it is not uncommon for those level of notes to require advances to preserve and protect the mortgagee's interest in the real property.