Assessing the risks associated to the transaction as to legal compliance, financial and economic concerns so that an informed decision may be made. :)

Like @Chris Sereney said ... have it inspected.Financing:What and when was latest Assessment Value?

But when you are on that gray zone, having them on your side can be the difference between getting and not getting the loan.As to how to get them on your side; well part of that is just make their job easier; If you take the time to do the research, you should know what they need from you almost as well as they doCome prepared with the documents in handWhen you make a commitment do deliver something to them, deliver it on timeDon't make them chase you as they have dozens or hundreds of files they are dealing withWhen you introduce yourself, show that you understand the project inside and outKnow your numbers; as a loans officer, they are numbers people and appreciate others that know theirsThey do not 'owe' you their support and you have to 'earn' it.

Here the legislation is clear that rent is considered late the day after it is due and the landlord has the right to server a Notice to Vacate which gives the tenant 7-days to pay all arrears or 15 days to move out.That said, our policy is clearly documented and incorporated in a schedule to the lease that rent is due on, or before, the first day of the month and a late fee will be assessed at the close of business (17:00) on the 4th of the month.  

It is all a calculated risk assessment.

you better think this long and hard. boyfriends that dont make money are dime a dozen.  

During a bit of research I found that the property had an assessment that was rather large.I just wanted to know more about assessments in general I guess.

Is getting the history of housing assessments and original blueprints for the house, which to my understand is public knowledge, accessed only through the the city government or is there an easier way to acquire these documents and are there and uses a newbie like me might miss when I look over these documents?

The taxes on the SFR actually went down on a lot of my properties with the last assessment... but the multi's went through the roof.   

I've also met two partners on BP, accounting for over a dozen projects.I've found several contractors on BP who have worked out extremely well.