Preparation is key in those games as it is in Real Estate.This phase in Real Estate is very long and can take a few years, but necessary for proper preparations.One major difficultly during this phase, was convincing my wife not to spend money on Amazon for random things, a mini boss to beat if you will.  

You'll need an architect to prepare the plans and help you prepare and give the presentation to the town for your building permits. 

@Brian GerlachLooking for ideally a duplex to house hack, but the prices for those deals are ridiculous at the moment and since I’ll be living in it, I’m not prepared to live in a C- neighborhood.

What are you doing to prepare for a possible market turn? 

Don't test them.

Be met with NO judgement in this group because we are all in the beginning stages and we will support one another as we all learn and are mentally prepared to achieve GIGANTIC dreams! 

Be prepared to share the quote or receipt with them. 

My question would be how do I prepare for a bank loan if he is selling me a four plex and a duplex?

What the lender you spoke with is talking about is called the self-sufficiency test where the other 3 units of your quad need to cover the entire PITI of your mortgage.

Also, there was mold and so we got bids to have it fixed, they got bids that were WAY lower than ours,  our mold guy told us to have a third party verify the work and so our contract says that he would test before and after and approve the work.