If you are 5 units or more it’s commercial so you can’t use a residential mortgage.Permit and inspection requirements and stages will differ from city to city.

Hidden Truth Home Inspection

I had an electrician come out to give me a bid on some electrical work identified in my inspection report.

I had an electrician come out to give me a bid on some electrical work identified in my inspection report.

Most off-market sellers, especially in a competitive market, are lured to sell by quick deals, cash, and limited inspections.

Their contract technically renews in April.The property management company did a moveout inspection and found the total cost to get in the market (mostly paint and patch) will be $6100 (I feel this is high).My question is should I invest $6100 to get another renter in place and wait till I get it appraise upto $200K and sell?

Also be aware that HUD will want to conduct a final inspection of the rehab before providing the final loan disbursement.

Perhaps the property would not appraise or pass an inspection are all reasons that cash only might be a requisite.

The advice that I have heard is that you need to inspect your expectations and the main way you can do that is to be able to do and understand the task you are asking someone else to do or delegating to others.

Best of luck with your inspections!