Obviously, it all depends on upgrades, condition of multi unit, exactly what part of the city the property is located.

So one other thing I would recommend is just put the property under contract with a longer than average due diligence say 3 or 6 months and add condition that closing is dependent on your zoning application.

Also another poster said to diy, your supposed to have a epa certification to work with refrigeratant and air conditioning installation equipment is expensive to.As to why a HVAC contractor is expensive is because they have a business to run, employees, workers compensation insurance, general liability insurance, shop expenses, trucks etc.

All located in the basement in excellent condition (probably the best part of the whole property).

FHA has certain requirements to the condition of the property.You have to make the decision, but here are some things to think about to help you through this.Know that we are at ATH's in LA.

Who knows, but in the end, unless it's directly going to affect money in your pocket or the potential condition of your home, I would give them some grace for the 1st week as they get settled (nested) into their new home.   

The house is actually in pretty good condition and doesn't need much except for some cosmetic repairs and maybe reframing in the kitchen/living area to open up the square footage a bit.

Remaining tenants accept 100% responsibility for rent and condition of the rental.

We discussed terms and conditions and how it should be built, contractors, lawyers, taxes, which land to buy, sales, profit shares and so on.

While it is true the properties definitely are not in the best condition (not unlivable but not brand new) and our timeline/budget isn’t conducive right now to a full rehab, what I find the most concerning is the agent is basically telling us this area is a bad place for investors.