If a permit was opened and closed properly it will not cause a problem.

If the property was properly rehabbed there shouldn't have been any electrical issues.Exterior stucco repair?

So even if the two existing loans were in the proper order if you refi only the first the new loan would become the second.

Certainly, facts have been omitted - even by accident since a proper interview has not taken place.

Most tenants do not show up so judgment is given to landlord if papers executed properly along with possession of the property.

This would be great as a rental or to have the mechanicals working and ensure it's a solid house and wholesale it.

In the economic climate we are in there are way to many parts of the country where you would never get a proper value of your asset in line with construction costs.

I don't see seasoned investors buying these types of properties for the most part.So then in my mind these newer investors are buying properties that have minimal returns because they do not have the experience to properly analyze a purchase price.If you are buying TURN KEY you are paying for it.If you want some easy don't expect to get rich off of it.These new investors in my opinion would be better off handing the money over to a seasoned investor who will purchase properly and give them the returns wanted WITHOUT the headache of land lording or overpaying.Again I have never used a turn key company.I just know based on many accounts of others buying through them that many times it does not work in their favor.I have yet to see an independant third party that bought post everywhere that they are cash flowing great and would use turn key again.Instead it's nightmare after nightmare.If I have to deal with a properties nightmares I will do the work and reap ALL the forced equity I wring out of it.Not overpay for lipstick and then be fixing problem after problem.Before you buy in that area go to the eviction court and see how many cases are processing a month?

.- Contacted appraiser after to ensure everything went smooth.Ready to close now :mrgreen: Danny

.* Regular inspections to check for leaks, ceiling damage, make sure window AC units are properly mounted, etc.* Other preventative maint, such as cleaning gutters