I need an engineer's evaluation of the deck ledger on the house I just purchased in Upper Merion.

Hi Greg, thanks for the honest feedback and for even doing some leg work on your end.

No legs.  

And after a year or two, when my boyfriend and my ability to earn more improves - we can move out and retain the MFU for higher cash flow - and look onto other options.Based on our liquidity for down payment and my mother's W2 plus lender's seeing her home's equity could put us at a budget of around $1m for an MFU.I would love a SLIGHT fixer upper, and after repairs, with forced appreciation - I think it might garner better monthly rental.

This is the upper limit to what the house can be built for in order to make $275K profit.If we estimate the cost to build this home is $165 per square foot, and our upper limit is $375K to spend on the construction loan, $375K divided by $165 per sq foot = 2275 sq ft home.Are you saying that it’s NOT a good deal or it is?  

I suggest doing an FHA 203 loan for a fixer upper due to the current market.

Not having a realtor is not a big deal, your seller will save a bit on their fees (which you can tell them as a selling point) but there may be a little more leg work as you do not have the convenience of a realtor taking care of some of the in between work for you. 

Not many have been fixer uppers.

If someone slips and breaks their leg they will come after you and not him.

I have been working construction for the past year it’ has just been on and off a lot so work hasn’t really been coming in because of the pandemic everyone’s getting sick, but what I have noticed is that it really does help because I have toured just a few fixer upper properties and it definitely helps spot what needs to get done.