Since they are not actually providing the capital, they have to pay a fee to a capital provider which affects the cost of rate. 

Has anyone used crowd funding or perhaps a private equity reit to fund a deal in the 2 million dollar range and if so how did you set it up and make it attractive to investors while keeping it profitable on the back end to actually run and maintain the property correctly? 

If you asked me 5+ years ago where house prices would be in some of the areas where I have rentals, I never would have guessed how quickly they increased and are now double what they were. 

Im guessing questions about the tenants and if any problems with the propery? 

@Matthew Ginsberg, I'm guessing the provider of the water and wastewater is a government entity that can lien your property if the bill goes unpaid.

Wow Dhruv I just went to a meetup that hosted a speaker and was sharing how Ohio is a great market to invest right now because you can actually cashflow.

One of my high school buddies actually house-hacked there back in 2019. 

You may never have been in such a situation before, and neither have I actually.

What the city told you was most likely true, but you can always ask for a variance if you think that some of the requirements are already in place.But most likely the required new inspections are necessary because it's a new dwelling and the old utilities must be up to new codes.....Just my guess.....

I'm guessing you are trying to find something that cash flows.