While it is rare that they might call the loan, these provisions were put in place in the 1970s because it was a rising interest rate environment and banks got tired of people assuming older loans at low interest rates. 

Like they said^^^ Just make sure you get a good Home Inspector, and if any issues arise, get a GC or Engineer or other specialty Contractor to look at them.

That is why reserves are important, not just for P&I, but for addressing repairs when they arise.  

I’m VERY worried that if/when a vacancy arises, who knows how long it would take to get a tenant.

I'll make sure to post updates in the forums and ask questions as they arise.

Unfortunately, I don't understand how to estimate potential repairs/rehab, and many of the known and unknown expenses that will arise?

So the question arises, where do I start?

The value of the property is fairly easy to establish, the problem arises when the assessor is pretending a property is worth $80,000 that today is worth $30,000.    

Now our problem arises every time we tell banks that we want to do a refinance because it seems that no one knows how to handle it through a trust.  

I am still in the info gathering more and would like to learn as much as possible to make an educated decision when a good opportunity arises.