I'm thinking of buying a large multi family complex, I need some advice on paying for the out-of-pocket expenses like engineering reports, appraisals, and inspections.

My name is David Hayes, my day job is currently Mechanical Engineer/Project Manager for Procter & Gamble and I'm moonlighting as a real estate investor (and photographer...but that's another conversation).

Even with 170,000 or so members here you also get non-members from forum posts and blogs with search engines.

Where I am you talk to the water engineer on the phone and they know for no leaks and size of unit what amount of gallons are used on average each month.

Thinking 1950's buy the style since it matches my late grandfathers place.My first thought is that I need an engineer to come visit to see if the building is salvageable.Lots are going from 18,000 to 32,000 in this neighborhoodComps for is area come back at the followingSqft $95.50Average selling price $62,500This is the UGLIEST cabin in the area.Here is the kickerMost of the houses near by are actually about 1800 plus sqft and comp for $210,000It will need the following:complete gut and remodel ($45,000)At least two dumpsters ($1000)The garage structure may not be stable?

We are looking for a contractor/ structural engineer who can give us an estimate on a property we are looking at. 

She told the builder of that subdivision this and he claims that they are full of it and he has engineering specs showing that the homes were built higher than the "flood prone" level.With this all being said, I may be jumping the gun, but do not like the week I just had hearing this news.

And possibly from a structural engineer as well.

Engineering, science, and technology.

Engineering Design - We include this cost iin our $110/sqft as well.