Unrenovated multis in the area wont pass an FHA/VA appraisal inspection. 

The point being that during the inspection, make sure you review the condition and lifetime of all aspects of the property including; roof, mechanicals, windows, condition of units etc and have a plan.

Now, they make it extremely difficult during inspections and keep finding things. 

Coffee is for closers!"

I have everything completed from preapproval to home inspection.

Hello Brie,Actually the property that I would need the foundation inspection completed on is located on the Southside of Chicago if you have any recommendations in that area or companies willing to come out to that area. 

The initial challenge is finding units that have the right rents to make it considerable.The closer to Universal or Ventura Blvd, which is the Valley’s version of the Sunset strip, the higher the rents.

If a deal looks good, do your full deal calc with HM or just cash to get a closer projection of ROI.SFV has lower price-pints than most of LA county, so spreads are lower; 20-25% ROI.  

This is a typical "seasoning period" required by most lenders.Repairs and CapEx will probably be closer to 15% of GSR all in.You're not accounting for insurance.What about water/sewer or shared utilities?

Springfield is considering an inspection fee for rentals, but we don't really have any extra fees in place yet.