I connected with a man who owns a property  management company and his own construction business, a great source for off market and other deals.

They require that you fax the deed, utility bills, etc. to them to prove that you are a landlord, but they don't require that an inspector come out to your house to see if the credit reports are in a locked room, like some other services do.

I am having a very interesting discussion with some folks I know about the JV versus regulation D private placement construct for capitalizing SFR development deals.

Then he sent an inspector to make sure I was within his description of 90%.

Inspectors check the electrical system with a generator and the plumbing system with a copressor.

In the economic climate we are in there are way to many parts of the country where you would never get a proper value of your asset in line with construction costs.

The numbers that cannot be disputed - location, legal description, taxes, quoted insurance costs, construction type, occupation status and current rent.

He said the building inspector is not responsible for seeing the ball check comes out or is not covered up.The inspector sees it pass the test and leaves.I just can't believe nobody checks this kind of stuff before throwing walls up.

I've had inspectors point out obvious problems but miss bigger problems.

Or has he seen the property already and is having an inspection by a RE inspector?