They also require an appraisal(that gets paid to a third party).Other closing costs such as title search fees, recording fees, real estate taxes are costs that you would pay regardless if you acquired the home through a mortgage or HELOC.What consists of the $3500 fee?

Do you have any references that I could look into or should I just do a google search for Securities lawyers in Iowa?

Hi All,I'm starting a search for a 2-4 unit property in Oakland, Ca in the general area along highway 13.

Does anyone have a recommendation for a Prop. mgmt co. in the Detroit, MI area.  A good one?  thanks

So we have been debating a couple options,1) Buy condo/townhouse (possibly without FHA) and then buy single family residence with FHA, move into the SFR and rent the condo2) Rent apartment, then search for a multi-family to buy and house hack3) Buy single family home and delay buying a rental due to save up for down paymentI would love to hear any advice or opinions on the options listed above (or any others) as well as, purchasing a property on a short time frame, and using a FHA loan on the second property instead of the first.

I would check your house here: public records search.

@Tom GimerThat's great...never heard those terms....I'll have to do a search for those here and on the web...sounds like the right path....thanks so much

Current rents: you can glean this information through online sources as well as old-school searching (walk-ins, calling the buildings)Talk to local brokers to get the inside scoopMarket analysisCheck to see if building is in a flood plainYou can ask for, but these items are usually provided after signing a contract: Leases for lease auditing against bank statements, tax returns and leases (usually not provided before a contract has been signed).Tenant payment historyViolations, delinquenciesLease addendum and/or other agreementsTax ReturnsBank StatementsUtility billsCan RUBS be implemented (some municipalities may not allow it)Service contractsReserve fundsEnvironmental assessmentEmployee recordsStructural issues including foundationEmployee historyOther value-add features that can be added include:Trash valetCar portsStorageDog parksTo be honest, a similar level of due diligence is required across multifamily and manufactured housing (mobile home parks).Best of luck!

Do a search for Subject To, Wraps, Lease Options, Owner Financing, Land Contract.

Basit Siddiqi, thank you very much for all the valuable advise, im defiantly going to search this site for a new CPA, I don't think the one Im using currently has all the answers that I need.