My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.

Thanks for the details on the rental program too.

You just really need to know the street by street details.

Here are the details:- Current occupancy with a monthly income of $2,750- Purchase price: approximately $145,000 (putting 25% down, around $36,250)- Location: McKeesport, PAAs a relatively new investor with two properties in different states, I'm looking for guidance on how to analyze this deal.

You don't need to include the specific details on where the security deposit is held in the lease.

I would post the details in classified section and let people give you quotes I find one off borrowers focus on cost much more than serial flippers who are looking for long term relationships there is much more to finding a capital partner than who has the cheapest fees..

It never hurts to get re-advised on such things so I really appreciate you getting back to me with such a detailed response.

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

They will generate a report to you based on their findings.Type 2 - conducted by an engineering firm where they will have you complete a questionnaire.The questionnaire will ask you details regarding the house and therefore, I would recommend having a home inspection or appraisal at the time of completion.The above two studies have pros / cons and differences in cost and turnaround time.Best of luck.

For example we largely scaled our portfolio with conventional loans, but when considering our overall application for a new conventional loan we don't get flooded with details on the other properties because it's incorporated into a business entity.