.), and (3) know how the legal process works to have the tenant formally evicted should the first 2 things not work.

Thanks You can purchase a formal appraisal but it could cost $300 - $500, maybe more in your market.

What would you estimate the cost of money would have been for him if he had gotten a loan (for the purchase) from a formal lender?

But depending on the city inspector: you will have to show that items mentioned above are up to code or they will make you re-do those portions (for example; they had us open up drywall to see structural beams in framing, headers for doors and windows, pluming for bathrooms etc The permits should not be a big deal: maybe between $2k and $5k for the home and individual permits i.e. electrical for example are fairly inexpensive ($150 ) for example + - For the garage: again things need to be up to code: most likely they still have a garage door which will tell you a lot: no permits is the obvious one: and that that your will need to close out that side completely, frame it, put a formal entry door, fire egress windows, insulation, structural framing, foundation in-front (where you have a garage door) and if the garage is just a slab: then all around also.

You can request, but they likely have the chance to say no.When you renew them to your form lease is when you can start making bigger policy impacts, like formalized rules, fee schedules for maintenance calls that are technically tenant responsibility, etc.

Then I don't worry about it being a legal accessory apartment or formal duplex.Some cities are brutal and you just stay out of them.Heck, I have 2 houses on the same street because I know the sub set within the neighborhood haha

@Orlando Ramey- welcome and good luck ...I would reocmmend getting a formal pre approval in place  as a first step - the process is easy and free and  it will help get you organized / prepared and  also educate you  about the process and all the  numbers  involved  ...if you end up not buying anything - you wont owe anyone anything 

The person/entity that obtained the info is ultimately responsible for what happens with it, especially formal credit reports and background checks.

@Rayna Barnett keep in mind that Indiana is a judicial foreclosure state which means that a foreclosure needs to be approved by the court.

Does Taylorsville, Utah have a formal basement fireblocking requirement for finished basements?