Hi Jonah - I am working on a new tool aimed at making real estate investment analysis a data-driven process.

There's a more beneficial way of doing what you're already doing with just a slight tweak in the process.

When you provide notice, be sure to make it clear they still need to pay the rent and if we have someone that doesn't, we post a pay/quit notice and start the eviction process.

ROI gives me everything I need and I understand the process.

Agreed,Should have been removed during rehab process but sometimes it can be missed.Rehabbed hundreds and many times the crews miss stuff so not completely on the seller.I always tell our investors to have common sense when doing a building inspection.Anything that can affect the long term sustainability of the property like foundation, roof, mechanics, HWH, furnace, electrical, plumbing is on us.Any cosmetic stuff that won't really affect rent or cashflow is up to negotiation.If investor is adamant on being fixed, we will fix but at a cost.There is no such thing as perfection on 50-100 year old homes.The demographic in my area also doesn't require perfection.If they do, we don't rent to such folks and advise the suburbs which come at a 3x monthly rent compared to the city.The tree should be removed by the seller and foundation addressed.Doesn't look too major to me anyway.Thanks 

@Kristoffer TierA Notice of Default (NOD) starts the foreclosure process, three months after the NOD is recorded a Notice of Trustee Sale (NTS) is recorded, 21 days later that the property is sold at public auction to the highest bidder. 

Watching the process, ESPECIALLY the sanding was not something I felt comfortable with.

We don't care if they've seen the property or not, we process their application.Think about it from a prospective tenant's perspective - do they want to waste their time setting up a tour if they won't get approved?

The buying process was smooth and the property seemed to be rehabed well. 

If you have good credit above 740 and have 25%-30% to put down it’s really not a difficult loan process. 8 Units typically will offer a 1.25% DSCR ratio which is required in most cases but the approval is going to be based on the rents.