There are books to help you "learn" how to estimate rehabs, but without experience it is just educated guessing.

Not saying that will get you out of trouble but it will help as you're building your case if there is black mold. virtually every rehab homes has black mold in it.. .. we just spray it with Clorox and call it a day.. but I get it .. there are different kinds and I guess the wrong kind can make you sick.. boy you should see some of the homes we go into  IE hoarder homes they look like full blown petre dish's mold of every variety and they seem to be OK..

Guess what it worked and that was four years ago. 

Do that and you will not have any problems.Don't ever miss a payment again.If you can not pay all of September on time I suggest you pack your bags.My guess is your landlord does not know how to evict legally (majority do not) and will likely not be successful.

I believed that to be normal, but I guess I'll have to take a look at comps for the area to see whether it's below market or just in a terrible area as @Nick B. mentioned.Thanks for the reply!

(the compressor is sitting on a concrete base so I guess moving compressor will cost more?). 

And found some local lenders who can do financing at 70% or 75% ltv but higher interest rates, only if I'm desperate I guess.

From the way you phrased your question above, @Anurag Bhalla , I'll guess you were asking the wrong question since this is what all escrow and title companies do.You don't add your name to a second lien on a property.

I'm leaning towards moving somewhere cheaper and investing long distance so that I'll be in a better cash position once NY Real Estate does correct.I guess I'll be listening to a lot more bigger pockets money podcasts and reading up on Mr.

So I guess I'm a bit confused, maybe you were looking to go to into Multi family properties or something different or some new avenue of which you were doing all the research.