I don't know what city inspection issues you're concerned about, but if you're worried about code violations and/or illegal construction, make sure you get those concerns addressed during your home inspection contingency period.

Any new construction close by?

Doing it as a owner-builder gave plenty of practical experience in managing a non-trivial construction process.Last year, we acquired one more condo in the neighborhood and have been gaining experience with land-lording as well.My background is in Computer Science and have been working full time as Software Engineer for about 20 years.I am interested in networking with fellow investors/tradesmen, especially who are active in our area (Culver City/West Los Angeles).Thanks and wish you all a very happy new year.Coty

I found one that lends at the following terms: Interest Rate: 5-year FHLB + 3.00%, floor or 5.95% Adjusts every 5 yearsNo cap on rate adjustment (Note: Seems scary)Maturity: 20 yearsRequire 30% down.No prepayment penaltyI am wondering if anyone knows what has been the historical 5-year FHLB rate and any predictions on what it might be in 5, 10, and 15 years since the rate adjusts every 5 years.The no cap on rate adjustments is the scary part, but I guess I could prepay the loan if the rate goes crazy high.Does this look like a good options to secure long term financing if I've hit my 10 Fannie Mae loans already?

Every time there is a change is the tenant's income up or down, their portion of the rent is adjusted accordingly.

We've had much difficulty finding a multi-family that we ourselves would considering living in until now.I know I'll be missing things for you to more accurately analyze the deal but I'm going to include the most amount of information I currently have and I look forward to you constructively picking it apart;)The property has 2 structures.

No different than issuing a CO on new construction.

Most of you are thinking crazy, but I have a partner in Arizona with a strong background in remodeling & construction management.

But I'm still undecided to what path to take in real estate investing.I'm currently a small business owner (very small) in the construction industry.

-Commercial construction firm-Property Management Company-Engineering firm-CRE lender-Health care services-Plastic surgeonI like most of your ideas.