Do your due diligence and see if it passes the tests you have, then go bother the seller.

This makes this building commercial and you need stress test the mortgage rate.

Be prepared to have the paints tested if your pulling permits and you may wat to consider that expense in your cost formula.If you have a gas water heater, you may consider code changes relative to the proper ventilation as well as drainage which may require additional expenses.A good inspector, not one of those national franchisee ones offered by a REALTOR, should be able to give you ideas what will need attention and what will not.

However, these alternative strategies, often times incur a largr upfront cost usually in the form of a downpayment or other consideration which greatly increase the risk factor.The ultimate litmus test, in my opinion, is the B in an SLO an integral part of the transaction?

Do your activities pass your "Time Test"?

Currently I own a small property on Sheridan Ave and I am testing the waters for more investment .

It also gives the purpose and nature of a security so a mortgage that does not meet the tests is then not a security.

I have tested both routes and have had infinite more success using a real estate agent on the MLS.

I mean my goal is to live there, but after I finish rehabbing the home if the appraisal comes back high I want the option to atleast test the waters.

Time lines and budgets are always tested on every investment but we all get better with each successful project.