It is a safety measure that you can not cancel a check of have insufficient funds and there payments are liquid.

Jordan Little You also have to think about the safety of the neighbors during the renovation.

It wouldn't be able to pass VA style of inspection, which is very safety oriented.If everything is functioning and just hasn't been updated in years that might work.

I think the smarter investment, concerning the safety of my family, would be to use DPA to get an SFH in a nicer neighborhood and renting out the rooms, as I'm doing now. it'll be like house hacking, except without multiple units and still along the line if my original idea; passive income, cash flow, etc. while I save up for a conventional loan or find a cash investor to assist me with my second investment. would I be able to connect with you via BP for future questions?

I'm looking for durability, cost-effectiveness, and safety.

In some areas, code enforcement has bigger fish to fry than an existing unpermitted addition, as long as it is not obviously a zoning violation, there are no life safety issues, and the neighbors haven't complained.  

This way you can have the basics on the applicant prior to showing and do a more in-depth screen / reference calls after they see it.Also if safety is a concern having basic information on the renter prior to a showing greatly reduces any safety risk.This also gives you the advantage of not wasting time showing the unit to less-than-serious or unqualified applicants.Of course you have to do a good job at marketing the unit so you have enough people interested to be able to request application first.We've found this to be a very popular combination for our landlords.

I will have a city inspector do an investigative inspection to establish it's current safety.3.

Above all health and safety should be your concern, and then profit.

Time management, prioritization, ability to say no & business accumen are more likely.Folks you get what you pay for and if you want to develop relationships with the agents at the top of their field and or the experts in the area you need to act like a professional.