. $50 per apartment and $50 for 2 stairs and extra $50 for two passages $700.00I now know what is basically required to fix the units.

I guess where you guys live, it is not required to have a Mold Remediation Company do the work?

Fast forward a few months, and they have non-paying tenants who are wrecking the place, and a MIA property manager who (understandably) won't put in the ENORMOUS amount of effort required to manage a property in a C or D area for a small-time client from another state.

Again, not a legal requirement as much as a good practice.

Everything required on a 203k is how every construction project should be handled.

@Eric Le Yes that would be a solid investment, I like that FHA and 203k loans only require 3.5% down.

I assume this is in LA...have you asked about the DP required to get a high balance conforming loan? 

Am I required to issue a 1099 to my friend for his labor?

So looks like about 17,000,000 in sales volume so far this year.. now to be fair and balance this is in our new build community. this is in a little Berg called Canby Oregon  the project is www.ivyridgeestatescanby.com  The market is anything but dead or bad..

Our lender required the same thing as what you are saying so what we had to do was have my business partner sign a lease for us that stated when he would move in and how much he would pay in rent.