The losses Americans suffer from wildfires extend far beyond the financial, from lives lost to the toll on people's physical and mental health that can last for years.

Exchanging into another physical property, even if it’s NNN, has risk and some management responsibilities, which I think he won’t want.

Being physically around in the area you get a better feel for the market as to what's happening and what things are selling for. 

I was a Physical Therapist and I was interested in investing for a long time.

Gardner, MA$60,000 acquisition price$125,000 renovation budget$340,000 estimated after renovation valueThis is a property we are holding; we expect a monthly mortgage payment of $2,100 versus monthly rents of $3,000How we sourced it:cold calling non owner occupiersRenovation issues:Building department initially rejected our permit application because it was filled out incorrectlyBuilding department rejected our permit application a second time because it was filled out incorrectlyBuilding department scheduled a physical inspection and determined that we had structural damage and needed to obtain plans from an architect in order to proceed with the projectSolution: we hired an architect and completed the plans.Lesson learned:do a better job submitting permit applications, we believe we could have avoided the physical inspection had the permit application been submitted correctly the first time around. 

Your social circles are dictated by the effort you put into them moreso than your physical location. 

There are at least 15 lenders who did at least 1 FHA 203k loan last month in Baltimore and there are 43 lenders with a physical office within 35 miles of downtown Baltimore that have done at least 1 FHA 203k in the past year. 

I would find a great realtor who is willing to do the legwork of gathering all that stuff.I have realtors in Vermont, North Myrtle Beach, and Anderson , SC who vet the physical and zoning aspects of the properties before I even set foot on the place.  

My question is what are the requirements for the physical condition of the multifamily for the inspection and also the appraisal process?

I'm open to both but would primarily like to get my feet wet with actual physical work on properties.