I would only recommend waiving inspection if all or most of the following is true:1) The price is right and the deal is good enough that even if the building has major mechanical/structural/physical obsolescence issues it's still a good deal (and you have the money available to make the necessary repairs)2) You're planning a major rehab anyway, specialize in this type of property, have a lot of experience and have padding in your rehab budget for unexpected issues3) You have deep pockets, just really want the property and can afford to take a big hit4) You already know the property and it's potential issues because you live down the block, know the property well, know and trust the owner/manager/tenants, used to live there, worked on the property as a tradesperson, have solid inside knowledge etc. and have money to make the unexpected necessary repairs5) You like rolling the dice and have money to make the unexpected necessary repairs6) You're a savant in all the trades and can see through walls and dirt as well as predict the future and have money to make the unexpected necessary repairs7) you have money to make the unexpected necessary repairs

Based on the payoff of $66k and repairs of 20k, you could also roll in closing costs and make it an even $100k .. you'd still be at a 53% LTV .

Determine how the property is currently operating (income and expenses from the T-12 and rent roll)3.

I can share the info of my firm, they give great advice and can make sure that you are ready to rock n roll.

What I did was roll up the carpet , took it to my house laid it in my driveway .

Wife and I got a nice quick tour of down town Navasota  on Sunday with the insane storms and rain rolling through.

Can someone advice me of a way other than credit cards to get the capital to rehab the property and get rolling toward being a multi door investor?  

.- Paper products such as toilet paper, a bag of paper napkins, 1 paper towel roll to start them off.

Neither one rolls off the tongue or is memorable.

Based on the research I have done to date, I believe the optimal initial entity structure for these activities would be as follows:OpCo: A single-member IL LLC taxed as an S-Corp with a Qualified Retirement Plan/Solo-401k that will be funded by rolling over existing retirement accounts.