(if you have to get it permitted, there may be other things necessary to bring the electrical up to code).The labor will be about 4-10 hours, again depending on the complexity and what exactly needs to be done.

Also, you'll need a building permit to have the work done.

., you find some major problem with the property, zoning, permits, etc.), you could lose a LOT more.Figure out the median price in your area.

This is directly from my lender's guidelines: Subordinate Financing: Secondary financing is permitted by HUD.The aggregate amount of the FHA insured first mortgage and the second mortgage cannot exceed 92.5% of the appraised value of the project.

And when the tenant says no, the Judge explains why they are now being evicted.On the other hand, if the property is really this bad, and your friend was really that stupid, all he has to do is threaten to call in neighborhood services (or whatever the local housing/inspection authority is) and threaten to get the occupancy permit pulled.

But you might have to prove that you have ties in your own country that you will not break, and thus will leave when your entry permit expires.

You will not be permitted to appraise any property in which you are involved as an investor.Thus, only seriously consider getting your license if you want to be an appraiser when you grow up.

If it is already vacant, you might also check with the local housing authority/code enforcement people to make sure it hasn't had the occupancy permit yanked or been condemned.

Went to get a building permit.

And, yes, they were licensed and permits were pulled (for that entire rehab) and all inspections passed.