They're a paaaaain, requiring an extra inspection, so it's not as if you freely get a loan for what you'd like to fix.

You may not find success at first, but each time you try you'll get one step closer. you might only get 10% there the first deal, 40% the second try, 90% the third, but eventually you'll get a deal.

The building was built in 1911 and when I had the inspection for the original purchase nothing came up about lead paint although it was a general inspection, not a specialized lead paint inspection.After receiving the letter I talked the tenants.

Our main real estate goal is to purchase rental units to buy and hold and every so often doing a 1031 exchange to move up in number of units and also hopefully have units closer to home in NoVa.

Hello friends,As I get closer to buying my first rental unit, I am thinking more about taxes.

3) Get an inspection?

I thought you lived closer, where do you live?

So to him there is about $70k profit.I really need to do the inspection of the roof and the subfloor to see if that would cost me another $15k ~ $25k for the repair.

It is rented to section 8 Tenant so there were section 8 inspection items to be addressed.

I did not object to this and the inspection period has ended.