I own a quadplex in San Bernardino, and I've been recently getting a lot of attention from the city and their code enforcers requiring me to do a lot of home improvements per their guidelines.

I'd be surprised if there weren't a "grandfather clause" allowing you to change your occupancy rules without evicting the existing tenant.

Hi Jane,The rule of thumb, if you want to make money, is that you rent should be 1% of the purchase price.Meaning if you are buying 150K property you want to be able to rent it for $1500. 

Each bank will have different rules, since each bank manages their money slightly different, so do try to get 3 sets of numbers from 3 different lenders to compare.2. 

You can get exception if the property was recently acquired although this rule is going to change pretty soon. 

You can improve your odds by altering your approach.

Then I settled in for the long task of really reigning in my budget, improving my credit score, and paying off debt.  

The roof, sagging floor, and electrical improvements i cannot do.Thanks guys

To answer your question, the area is already pretty established, it does not have much room for improvement.

Hi, would credit repair help you score improve?