After the inspection, we discovered the roof will need to be replaced in the next 3-5 years and we asked for the cost of the roof to be deducted (12K), which they accepted.

After the inspection, we discovered the roof will need to be replaced in the next 3-5 years and we asked for the cost of the roof to be deducted (12K), which they accepted.

Hope this brightens up your day haha

After government’s inspection, seller realized that he used a plumber outside of the city while it is mandated that he has to use a plumber licensed in the city.

While some lenders like Hard Money lenders may be willing, you may not be able to have access to the property for inspections and appraisals.

Pools are also not permitted with Streamline OptionFull Repair OptionMinimum of $5,000 in improvements203k Consultant is requiredFHA Approved Single Family “construction manager” who oversees and inspects the rehabilitation work from start to finishNearly any type of repairs is allowed (luxury items are not).

If the management firm has written a plan of regular inspections, it shows they will take good care of your property.4.

Now, the main house caught fire and fire department removed the main electrical meter until house is repaired and inspected. 

So nobody actually came around to inspect it, but the higher sale price justified the increase in taxes. 

Context:Initial investment: 80% Me | 20% Mike Monthly expenses: 50% Me | 50% MikeMonthly cashflow: 50% Me | 50% MikeMike found the property, scheduled a tour, coordinated with agents and lenders, arranged the inspection, and will be the Property Manager for at least the first few years.