Is Special Warranty Deed a common practice for multi family apartment deals?

Now’s a good time to practice, network for your A-Team (attorney, PM, GC, CPA) and learn to scale.Always make a “ridiculous offer” of 75% ($337.500,00) of purchase/asking price ($450,000.00) to test the waters.

Your rate will be about 7% And you will need a debt service coverage of 1.25 or so.For this to work, you need to Richard at 70% of current value and then make improvements which should add $3.00 in value for every $1.00 spent.Additionally, if you cannot promise the investor that you can get the refi, then you will probably need to sell the property to someone who can.

Then factoring in potential mold and insulation... you know where this is going $$$$.On the upside however, we have updated plumbing, electric (supposedly, without inspection yet), all new windows, and overall a practically turn key house besides the things mentioned above.

Will the capital improvement benefit the entire building as a whole? 

It is in a market i really like because of growth and i believe the sub market is improving in that area.Do you see any downsides or potential issues to a house that is 2 units but listed as a SFH?

Your basis in the property is lesser of the below in the year it was converted to rental: 1) your adjusted basis - ( purchase price adjusted for other various stuff -- such as settlement cost, improvements to your house and so forth. 2) FMV ( which is not a tax assessment) if you have used the wrong basis, in 2016,  to keep things simpler and practical, I would catch up the depreciation to make it correct this year. your depreciation basis is determined on the year it was converted to rental, and generally, does not evaluate each year.If any improvements are made to a property, they will be depreciated as a separate asset. 

This is DEFINITELY what's best for the investor, as it improves their ROI. 

Grab a few from Zillow to practice.

Also, we're underwriting our deals right now with 10 year Fannie/Freddie debt and only looking at deals with substantial upside/value-add which also further improves your LTV once your Capex plan is executed.