There was a right way to do it and a wrong way to do it. 15 year mortgages were the best, 30 year mortgages were barely acceptable, and ARM mortgages were for suckers!

If this is bad enough to effect neighboring properties, it should be a code violation or at the bare minimum, a health and safety issue. have you tried reporting the property?

Explain it is for their safety.

I have thought of a couple ideas, but would love feedback based on your experiences. 1) Offer slightly more on the purchase price, but ask seller to cover closing costs which would free up reserves2) Ask someone (most likely family) to go in on the loan itself only to show reserve funds, as we should have enough, as gift funds apparently won't work.3) I can go with a portfolio loan with 20% down and no need for a reserve, but the rate would be 7.5% or higher. 5/1 ARM.- If I go with #3, do you think that would be worth it to gain control, and then in November I could start refinancing into a 30yr FanFred for a better rate?

I also have an ARM that starts in 3 years so I need to refinance ASAP. 

systems check lists safety first  etc etc.. 

Would like some advise here I’m under contract for a quadraplex, during the inspection period I had a property inspector find a few issues, damage to the ceiling from a prior leak , safety issue with the stability of a staircase , and mold in the laundry area.

Is this a safety issue and is this something I have to fix?  

Arm yourself with knowledge.

Vandalism, code violation, safety lawsuit.