Now I'm a visual guy so it has been hard finding an example of this and how the numbers would actually look and I can't really wrap my head around it.

I personally love using the "map nearby homes for sale" function and adjusting the filters to view sold homes in the immediate neighborhood (not 1-2 miles away) with similar square footage, layout, and interior upgrades your aiming for.

For max cash out without restrictions / conditions - 180 days.The main drawbacks would be marginally higher rates (50-75 bps higher), always some kind of prepayment penalty, and because the asset is the primary function of the loan - a non-cash flowing property (maybe lux or bad market) may not qualify.

For instance, the vast majority of my purchases are HUD homes where it is difficult and in many cases not possible to turn them on. in cases where you cannot turn in utilities, one can still get a visual inspect the foundation, roof, electrical to ascertain the age of the breaker box and type of wiring as well as due a pressure test on the plumbing.

Aloha,You "just" need to look at everything to make sure it is 1) complete 2) functional 3) secure 4) exposed surfaces appropriately painted/covered 5) not leaking (the single most critical issue to look for!

Many investors have a subconscious bias that everything functions the way it does in his or her home state.

We ended up getting a concession from the seller, not a lot but enough to move forward.The property was listed a little under market by an investor/wholesaler, who never lived there and didn’t provide any disclosures and stated that in the MLS.. there were multiple offers, and I put in an cash offer no inspection/ no appraisal after visually inspecting it, so there is no due deligence period.

@Jill F.From a functional standpoint have you ever seen this before?

They do an inspection annually that can help as a forcing function to keep up on a property if you have long term tenants.

Is this my problem or should the landlord be expected to cover costs for fixing/replacing compromised items due to the fact that the problem resulted from apartment not functioning properly?