Same with most major rehabs, etc.The one thing I try to avoid telling clients is to go out and spend money for the sake of saving taxes.

I have only lived in this area for 10 years, and spend most of my time across the border in Juarez where I manage a production factory, so I am sure there are folks with much better knowleadge than I, but so far from my research, the Northeast, lower valley, and central/downtown portion of the city seem to have the most multi-family opportunities. 

Over 600,000 licensed mortgage lenders in the US at this point, the overwhelming majority have no idea how to work with REI and multiple rental properties.

The major hiccups I am having is with city code.

Roger Roth for this to be a somewhat productive thread you need to post what state the property is in.

I started out working intense physical jobs and eventually put myself through school; I have just finished completing my associates degree in business administration, which is how I was able to work my way up and out of production. 

And other investors are often scared of properties with major issues, so even other investors are often not competition for the properties in really bad condition.In other words, most cosmetic repairs don't pay for themselves in value added to the property; but, other types of repairs (structural, additions, basement finishing, etc) can often more than pay for themselves because there is little competition and the investor can pick up the property for a great price.2.

The inspector told me that there is a product used for this that is a peel and stick faux wood panel. 

A  major issue is due diligence, What does the original contract allow in terms of due diligence and how much time is left?

We've tackled our car and one major loan thus far (approx. $34k), and I've projected that we could pay the remaining $45k by June of 2019 if we keep going at the rate we are now.