Condo's struggle to maintain their value, and if we enter a "shift" in the market (some would argue we are are entering one as we speak..) hey typically perform worse than the MFR.  

Secondly, they can require DU approval from the buyer's lender, where the underwriting has also been performed.

With this scenario, lenders will look at the NOI and the ability of the property, to perform over time.

If you don't have the expertise to put them at ease you would have to show significant ties to someone who has and that they also have skin in the game.Bottom line is that IF you have the capital capabilities and you have performed a thorough needs assessment (all that will have to be presented to banking institution and to the city) and you still come back to the question,,,, is the risk worth the return,,,,,, ???

That said I would recommend having the material tested to confirm asbestos before you decide on a course of action and always check the local regulations before performing any work.

Not a bad time to sell some dog properties, I sold one earlier this year that performed fine but just wasn't something I wanted to have long term.

You can still perform a BRRRR strategy if your all in was 75k, but at the end of the day that would cost you 5k out of pocket.  

a new trend is taking place on the licensure of rentals and this has come from so many suits being filed against the owners of these properties which have turned liability onto the county or city now-the number one hot topic gaining leverage onto rentals is the NFPA- national fire protection agency-the cities and counties are really looking into the code increases and the tightening up of accountability that is placed on the owner- for years the building division in most areas were there to do inspections and make sure dwellings were up to code requirements, the new turn is this is being handed over to insurance carriers and they are really sharpening there pencils and going above the code minimums- owners will have to pay for a regulator agent ie.. insurance underwriter to perform the inspections before licensing the dwelling as a rental- getting rid of the home inspector businesses enjoy

Based on my projections at year 4 after the PMI is done the 15% down will perform the same as the 20% on a CASH ROI analysis.  

The lenders may verbally allow you to transfer your loan to an LLC, but later when the interest rate gets higher, they call your loan based on the contract, because your loan is now under-performing for them.