If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.Are there asbestos The Year that the following were updated (either partially or fully) would be good to know:- Heating systems - Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.If you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.

@Inga FonderYou didn't tag me properly before so I didn't see your reply and question... :)If your new payment using IBR is $0, and lenders still want to use 1%, then that's an overlay to the actual guidelines. 

I know if you're buying in a development prone to assessments, this can have exactly the opposite impact on your risk, so I would recommend doing a little research on the HOA: - who is president / serves on board? 

Throwing out tenants property without following proper procedures can come back to bite you when the tenant claims there was a priceless diamond necklace in the end table you carelessly threw away.

I'd like to transition into multi unit investing some day because in my head I see it as more manageable but with a PM in place maybe it doesn't matter.For my day job, I'm a software developer (Android historically).

Besides, they always have extra open houses you can hold to develop your clientele.After few sales you'll be an expert on the process and won't need any training.Well, it might take longer if you're doing it part time though but you'll get there.

Neither will the other title company in town.Here is the timeline on this parcel. 2013 - Collector's Deed issued to the city due to a lien placed on it for the expense of demolition of condemned house2016 - Declared excess property by city2017 - Sold at auction to an acquaintance of ours who intended to build on it9/2018 - Owner changes his mind about building and agrees to sell it to us for $5,000Now, $5,000 is no big risk to worry about someone clouding the title by claiming that proper procedures weren't followed and trying to redeem it, BUT we plan to put about $120,000 into building a duplex on it. 

For example, buyer sends notice on proper form saying we want $5,000 seller subsidy.

For instance in my local market, Ryan Homes is just typically not going to budge at all, while Pulte has some developments that Ive gotten pretty large sums from. 

I am a Developer In KC and started construction on a 6, 12 plexs that I will be selling to Investors.