I went to the house to fix the AC, and saw the guy smoking and dogs were around. 

If I can get them to give us a special use variance we should be able to get it fixed up, take the cash out, and have a nice cash-flow property with all of our money back.

He suggests looking at the foundation to see if that has shifted, and he added that bracing would fix it regardless.20K is a good number and you should be able to back that up-who is going to argue with a structural engineering report?

Fairfield Harbor has plenty of nice folks and a lot of homes have been rehabbed out there since Florence but you can’t fix the fact that it’s low and prone to flooding.  

They have changed most of the electrical, there still is a little knob and tube left that they will probably have to fix before lender will loan us the money probably if we decide to buy this.

Hello to this great community, I'm glad I finally found a community around real estate.Well to introduce you, my name is Stelios 32 yo from Heraklion, Greece(Crete Island), married with 1 kid.As for Real Estate, right now I'm working on buying 2 studio apartments in my area(Heraklion).According to my newbie research in the area, the market in my town must be right now in phase 1 but I'm not 100% sure, to be honest.Bureaucracy alone is one hell of work in my country and I already work 3 months on fixing papers, waiting for tax systems to unlock so we can get some tax papers needed and much more things...Well to consider numbers, the 2 apartments are in the center of my town and they are both sold at the deep discount of 23600€ right now if you ask me this is a very rare price.

In regards to DIY multifamily property management, I've been taking a look at multiple software companies that offer solutions such as rent tracking, rental payment portals, fix-it request, etc.

Wouldn't you expect them to come fix it or give you a new room?

If the terms of the mortgages were refinanced into 30 year AM (amortization) the P&I (principle and interest) payments would appear much lower and hence the resulting cash flow would be much higher when they (lenders) go to calculate your cashflow for DTI or debt service coverage purposes.This also could be an issue with how you file your tax returns for all of these 15 doors or a combination of the above.Either way its really easy to fix.

They should know that it will probably cost them anywhere between $5000 to +$10,000 to get the problem fixed --- if it is possible to fix it.