As someone else stated, banks will want to see a couple of years of rent roll typically , so do a solid job of estimating the current rents for those units and what additional CAPEX is required, apply a 50% rule and CAP rate for the area and that’s the value.

It’s my very first purchase ever and i could risk losing both opportunities, so I guess I am looking for moral support from the community.

All they needed to do was answer support requests, turn overs and collect rent.

Tuckpoint it and paint the wallRun a block wall across the middle of the basement to help support the wall?

The FHA lenders all seem to be pretty similar since the larger companies who they eventually sell the loans to really set the rules.

Send in a new lease contract under new ownership with new rental lease and maybe new rules like no pets, etc. that you want to input.

I try to keep all my properties around 2% rule.

@Kevin MartinAs a general rule, a wholesaler can't be trusted to tell you the right time of day, let alone talk about who has what leases with whom.Family members of the current owner are the absolute pig-butt nastiest sort of tenants in situ to end up with.

I have seen some comps for a 3B/1B or 3B/1.5B come at high enough to make the 70% rule work on a BRRR strategy investment but have honestly not looked into too much yet.

I think this is a local issue and you should find out the rules from your local building inspection department.On residential in my area it depends what you're doing.