Leaky drain pipe, bad HVAC thermocouple, bad thermostat etc that take less than 30 minutes to fix.

Most people don't use banks because either the property doesn't qualify for it (i.e. really bad shape) or they themselves don't qualify for it (high DTI, lack of W2, bad credit, etc). 

Buyer will be less qualified for the same amount of loan; in plain English, buyers cannot afford the price of the property that he or she is looking at to buy at the higher rate….An educated buyer agent should search more (work harder) to find a similar property for his buyer, it is not a bad idea to search for motivated sellers or short sales.

Bad idea?

I have been hearing mixed reviews about REIGuard with its claims process being slow and Shelter really the only bad thing I heard is about the asbestos issue (which is good that they won’t insure just anything).

I am currently leaning more towards multifamily because running the numbers in my head it seems to make more sense, however, it seems more multifamily homes are located in “bad” neighborhoods and I am wondering if it’s really worth the risk.

I'm good with a hammer, but bad with financial statements and numbers.

I talked to the lawyer that did our transaction and she said there would be no fees, she wants to clear things with the seller and us so we don't end on bad terms.

Bad karma.

But regardless of how good/bad they are at doing this, they're doing it.