I would suggest doing some research into the long term economic outlook for the market, rather than just rent to price ratios and things of that nature.

After that you can definitely run into issues with egress, natural light & vent requirements, and even parking requirements.

I doubt a seller will want to remove a working tank, as that would also require a conversion to natural gas and likely a new boiler.

Be involved with people and leads naturally occur.

Martin Luther King once said, “we came over on different ships, but we’re all in the same boat now”in an ideal situation you and your tenants will work this out because we all have long memories and if they try to screw you and you still have them as tenants in the future, any new situations will probably not be pleasant.Last thing, naturally, if you have a lender to deal with, all of the above would probably have to go with the lenders approval.

I just ran across some youtube videos on it so naturally I came to BP for reviews!

We don't want to back out as we were planning on doing the repairs anyways, but I still have a natural hesitation on completing repairs on a house I don't own because we haven't closed yet.

The relationship is worth far more than the money (and naturally good relationships will lead to even more money)Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You also need to be aware that custodians are passive in nature and simply process transactions at your direction.

Naturally, there are debt to income limitations, credit requirements, and MPRs to deal with.