Also negotiated upon receipt of inspection report, getting $2K credit from seller, totaling a purchase price of $112K.

I'm not worried about it actually passing inspections, but I'd rather not deal with the city bureaucracy, fees, and inspections unless necessary. 

Screen them the same way, do scheduled property inspections and you should have a good experience. 

It’s looking like I’ll be able to pick this property up for about 230k but after inspecting the home it’ looks like it will need about 40k to get it to the 310-330k price range.

First progress payment of $15,100 plus any permit reimbursements will be collected after the addition’s footings are inspected and approved by the City of Los Angeles Inspector.   3.

So I just made an offer on a 3-4 Family Home it's currently out of attorney review and we just completed the inspections.

Once I did the inspection, I asked for a steep discount (about 30K) and surprisingly, the seller accepted.

Once I did the inspection, I asked for a steep discount (about 30K) and surprisingly, the seller accepted.

Once I did the inspection, I asked for a steep discount (about 30K) and surprisingly, the seller accepted.

The plan is to convert the commercial space (currently 1 of the 4 units) to a residential unit, which I've already cleared with the city permit/inspections office and have spoken with an architect regarding the process.