Furthermore, the agent neglected to inform me that I could have negotiated for the seller to cover part of their commission.

In dire circumstances, this strain can escalate to foreclosure proceedings due to the inability to meet mortgage payments.

Official paperwork should be prepared with a real estate lawyer, and financial examination should take into consideration interest revenue, tax consequences, and market circumstances.

Should my engineer have known to consult DOT during his design and was this an error in his judgment or is this a normal or unforeseen circumstance? 

Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.

It really all depends on your investment goals and your circumstance. 

Seems like I am having a problem because I'm a recent high school graduate  Please advise how to buy a multifamily home under these circumstances. 

The 51% ownership allows for decision making in such circumstances.

I do listen to some of his stuff and he does have good advice given the circumstances. 

Under what circumstances would the income be treated as capital gains?