Got approval, but then the appraiser told them a fence permit was still outstanding (he was wrong) and they got cold feet saying that I could be vulnerable to mechanics liens and/or my taxes could go up do to additional improvements I could do with an open permit/inspection.  

thanks for the responding john based on the comps around the neighborhood my property ARV is between 300-350k when I'm done and the market is climbing slowly so who's knows what it would be worth in 5-10 yrs hopefully more i plan to rent out 3 of the units and live in the 4 unit for 1-2 yrs and bank rents and manage property myself i don't have a exact concrete number on operating cost yet but i predict i will be bringing in anywhere between 3200-4000 dollars a month in rent and then also my unit when i move would bring in more income my strategy goal is to put the money away as income and then apply for a fha loan for my next property take advantage of 3-5% down and buy another 3-4 unit multi family and live there and grow my portfolio by owning and managing my own properties but i know on the third property i will have needed to put down 20-30 percent which would be fine because i have equity and assets and also options on what route i would like to take my question you kind of already answered was is this a smart decision to go no mortgage route and assume so much risk by using up all of my funds to get in the game because sometimes when i talk to people they make it seem like I'm crazy for wanting to start out this route but i feel like if they had the opportunity to start out independent why wouldn't they go that route if you know what I'm trying to say also i am a little nervous seeing that i am 29 and this will be my fist time taking on my on investment and running my own business and projectsalso any advice,pointers,tips any positive tips would be greatly appreciated also on a side note on all my mechanicals for the house i will be buying everything that i can that comes with a energy saving rebate, boilers,water tank,thermostat, etc i strongly believe in saving money and being energy efficient  on whatever i can 

Hire an architect to create your full set of CD's (Construction Drawings), with the component plan sections as follows: Architectural, Mechanical, Electrical, Plumbing, Structural, and (sometimes) Civil Engineering. 2.

. $48k a door isn't bad if it the mechanicals weren't in such bad shape.

Brett Kennedy also runs a fairly large meet up in Louisville with a emphasis on networking with others.

While it may come at a higher interest rate, it is sometimes worth it because some borrowers know that they are going to refi fairly quickly thus making the higher interest rate is cheaper than the PMI (emphasis on the 'sometimes' it is really dependent on the situation how you structure your financing).In my opinion, I would rather have my primary residence leveraged out more than the investment property because the primary residence will get a better interest rate.Anyways, I know it is a little off topic but I hope it helps!

I was "saved" by an industry professional who, when presented with a circumstance (seller who had a documented past of shady bill paying), put in place a mechanism to shield me from a possible pitfall (delayed billing by a municipal water department). 

How do the actual mechanics of a wrap work...can you give a real-life example?

@Brent Griffin I have specific criteria for the location and I want detailed pictures including electrical and mechanical.

What are the mechanics of a seller carrying a second lien?...