Its priced at $480k, the portfolio lender has offered a 5% rate for a 20-year loan with the rate being revised every 5 years (need to confirm cap).

That said, have your agent reach out to the listing agent to confirm.

I just wanted to run the numbers by BP to confirm what I thought - not a great deal.I am going to save the time of seeing the property and doing DD if the seller says they wont budge on price. 

How could I confirm the owners of these properties and the bankruptcy?

Not an hour after getting confirmation from the listing agent that the seller agreed in principle to the term, i received a call from a fellow investor that a construction company needed a rental home to house some of their crew.

I used to be a graphic designer, as much as I hate saying this, how it looks isn’t that important.

It is not designed to be rented full time, but you are allowed, nor is it intended to be occupied full time either. 

I think it's the former since land is already factored into the existing assessment, but I just want to confirm.

. · Please pay extra for express mail and receipt confirmations

Or will you always look it up on the assessors websites to confirm?