So that's nice from a liability perspective but I am still concerned about tenant safety.I confirmed seller will not replace knob and tube at their expense and their comment,  "Per the electrician - there is active knob and tube wiring in the attic.

So that's nice from a liability perspective but I am still concerned about tenant safety.I confirmed seller will not replace knob and tube at their expense and their comment, "Per the electrician - there is active knob and tube wiring in the attic.

Musk just confirmed it in his earnings call today that they are moving HQ to Austinhttps://www.nytimes.com/2021/1...

I have the 25% down payment and cash reserves as well.  

"I'm excited to announce that we're moving our headquarters to Austin, Texas," Musk said to thunderous applause.Whispers over the past several months had hinted at this development and Elon himself has confirmed the news today.https://www.bizjournals.com/au...

Hey BP Community, Recently when I have been observing others analyze multifamily deals I keep seeing these two terms Market Rent Discount that they are withholding as another reserve account for the property, along with another reserve titled "bad debt". 

Awesome, thanks for confirming that you also had an experience that’s consistent with what I’m expecting. 

Rehab this one, get it rented, and start saving your pennies from this one and other sources to build your reserves and capital to put down on the next.As others noted, you will likely not be able to qualify for another FHA loan, for either some amount of time, if ever.  

Until you have multiple cash flowing properties a hefty reserve account can be your best friend.

Not sure the numbers are adding up (mortgage, taxes, insurance, closing costs) or that proper reserves are being allocated.