All, I Am making the transition from the residential space to Multi-Family after just a few deals.

However, I am not as concerned with crime or the quality of tenants (to a degree) at this time, as I am with ensuring the property is up to code and isn't going to land me in some kind of hot water with the municipality (particularly as the area transitions through the Target Neighborhood Plan).Just received the report back on a property I am pursuing, and would like to know potential shortfalls of some of these items that may or may not be a big deal.  1980s era build with the following items of interest:- Lacking 1A10-BC extinguishers, water heaters lacking drip tubes and seismic straps, windows blocked by stored items preventing egress, common area doors not self-closing or fire rated, cleaning/sealing water staining in various areas, other key areas with wood rot/staining as viewed from crawl space, roof missing some shingles (age unknown), birds in attic (missing some grates), vapor barrier to thin/missing in crawl space, exterior damp proofing damaged. 

I would recommend reaching out to a few to get a better idea of your options and learn more about the process for transitioning to accounts that allow for alternative assets.

Just getting started and cant wait for the transitions

I am currently active duty and going to be transitioning out over the next year.

Hi Kathryn, one thing to keep in mind is to confirm if your exterior siding was built correctly and you have the right waterproofing parts in place as it transitions to the foundation (underlainment, flashing, etc).

I just put on my Instagram description “pediatrician looking to transition out of medicine into real estate investing”.

Yeah I agree that a hot plate and is sufficient for it as an Airbnb, that's what we've been doing for years, but we're trying to transition to a rental, and I'm thinking that long-term tenants have different needs. 

It's awesome that you're transitioning into multifamily. 

The CFPB recently put in the following rules for foreclosures to commence which will extend the process.CFPB Issues Rules to Facilitate Smooth Transition as Federal Foreclosure Protections Expire | Consumer Financial Protection Bureau (consumerfinance.gov)Most of these 2.2 million homes in forbearance at this time have equity and many will end up hitting the market rather than making it to active foreclosure or short sale.