In MultiFamily, I agree with your assessment.

If I'm thinking about this wrong, feel free to tell me how you assess current fair value market for rentals.

I am calling my insurance broker to make sure I have the best and comprehensive protective language in terms of tenants issues.  

@Mark S.The confusion comes from the wording and the fact that many brokers and lender's have an inherent lack of comprehension for the written word.The Fannie Mae seller guide says "financed" properties count against your 10. 

- If you're in Cleveland proper, your taxes should only be $1,732 per year at $59,900, not including assessments if any.- Insurance is typically around $68/mo for an occupied SF under 60k.- PM is 10% per month, plus any additional services required.- CapEx & Maintenance at 17% of rents - combined, but again this depends on condition.

Do you think we should do both the foundation assessment and the general home inspection at the same time in order to compile a value dispute, even though Wells Fargo indicated they would not entertain any concessions? 

If I sell it or rent it out to someone else, I could be assessed damages of at least $10k or the purchase price.It's totally unrealistic for anyone to move in in 60 days based on the condition of the property.I'm prepared to pay asking price all cash ASAP.

Just trying to assess.

I heard back from county today and I'm super confused by the response:That sounds very much like "we don't give preliminary assessments of subdivisibility" to me.

Provided you have a lawyer draw up a comprehensive partnership agreement.