Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.

Not to mention most sellers aren't going to give you unfettered access to walk every unit on a property and examine all major mechanicals before you have an executed contract.I'd recommend reading https://www.amazon.com/Complete-Buying-Selling-Apa...

Can be financed.With “Full” version – 20% reserves if renovation is major – foundation, room additionsDraw Requests “Draws” are funds paid to the contractor after work is completed.For “Streamline” – pictures of completed work is permittedFor “Full” – Consultant inspects work

The building inspector told one investor the house has be demolished, no option and another that he would work with the guy to fix it, but with major costs to fix, may be cheaper to demo and start over. 

Brandon to my understanding the offers are to be so low that the majority wouldn’t be accepted.

Hi,I am looking for quotes for major work in our HOA.

None of the arrest seem major.

Also, a major question that I have is, how much should I expect this to cost?

Repairs and maintenance are performed following quarterly inspections, painting is done with tenants in place on a ongoing bases and unless I plan a major reno my units are rent ready. 

But I would not buy it as-is for 230k - you are paying retail or higher for a house that needs work.Also, it has a slab foundation - if the house still has cast iron plumbing, you will be in for some major headaches down the line, or may even need to repipe now before putting in new flooring.