I got my inspection results back today and am wondering if I'm in over my head on some of these results.Townhouse specs: 1 bed/1 bath, 800 square feet with a yard and off street parking (no reserved spots) in Denver, CO for $362kInspection recommended actions:Install guttersCracks in brick- need to get a structural engineer to come and lookThe foundation is partially visible from areas of the crawlspace- need to have structural engineer look at this"Medium cracks" in sewage linePlumbing supply lines consisted of multiple materials to included galvanized pipe and potentially lead pipeWater heater 20 years oldFurnace is 20 years oldThere is a negative slope at one side of the home that increases the potential for water poolingAny recommendations on this possible investment would be greatly appreciated!

My requirements are 3:1 income to payment Min. 3 mos cash reserves No job jumping. 

I notice that on a lot of deals it is the CAPEX reserves and vacancy that hurt my numbers. 

I suppose as long as the eligibility criteria is met for the other more "creative" structures (DTI, credit, reserves, etc.). 

Example: If we could be a house for 60k in our area and we could put 50% down is it better to have even more cash reserves to finance a flip?

In addition, there are HMLs who lend based on the asset and there are some that will take your credit into consideration.Either way you will need reserves and big downpayment (depending on experience) and closing cost to be able to close.You should speak with a mortgage broker or call up some hard money lenders to see what they offer.

Exterior is not considered entry unless its in a dedicated yard space that is reserved for them.

The Federal Reserve System announced on April 15 that lenders will be allowed to postpone appraisals for 120 days after new mortgages and refinances close.

Sounds like you have a cash flow problem; so fix that, build a reserve and then look at this deal again if available.

I have about $20,000 between cash reserves for my triplex and wedding savings.This is just the state of where things are now; I'm definitely not here to complain.