Use your inspection report as a tool but keep things in perspective, a long report does not mean the property isn’t a good investment.As the buyer you have the right to requests repairs or compensation for work that needs to be done on the property.

Couple of hours drive would be worth it; to network, get different perspective of real estate. 

Hey thanks for the perspective @Steve K.

Get some guidance on what makes sense from the lender's perspective.

From your perspective it's actually no different than what you would normally do - sell then buy. 

Great perspective, already becoming so, and I still have endless to-do lists when I visit.

just asking questions that might give you perspective...

If you want to get taxed as a partnership, then my understanding is that it's somewhat moot from a tax perspective whether you have an LLC.

From a developer's perspective, they generally like to work in areas where they can count on support from the local government. 

Pros and cons of SFRs and MFs (from my perspective) are as follows:SFR Pros: Less turnover, tenants take care of yard/lawn, more easily able to bill back for water/sewer, easier exit path possible by targeting owner-occupants down the roadSFR Cons: Turnover means you have zero cash flow coming from the property, and one problem tenant can cause you to have many months of zero cash flow coming from the propertyMF Pros: More revenue sources (multiple units) so even if you have a turnover you still have some revenue coming in typically, more likely to hear about problems (e.g. tenants love to tell on each other, so if there's someone with a dog who is not supposed to have a dog you will likely hear about it from another tenant)MF Cons: Typically LL takes care of yard/lawn, often a single water meter so no bill-back possible, greater turnover (though in my one duplex, one of the tenants has been there 10+ years and the other 3+ years), less appealing (though not entirely unappealing) to owner-occupants if you are seeking an exit path eventually