As the property is new to you, assuming you used a home inspector to inspect during the inspection period of your purchase contract, are there any discrepancies noted on the report that relate to this issue (assuming it actually is an issue)?

Condos are usually the last to benefit from a booming market and take a nose dive during downturns when banks stop lending on them.

This is related to a certificate of Occupancy violation.Need a recommendation ASAP.

Sorry, this is a non-family member, no relation to me or the IRA.

This is in relation to developing a rough plan for a property during the first walkthrough.What specific areas of a home/building should one be on the lookout for when it comes to estimating rehab costs and determining the condition of the property? 

Is there any benefit to using the bank that holds the primary mortgage?

Absolutely, I am a firm believer that we can all benefit from others in some way no matter where they are in their journey.

I'm relatively new to investing, and have two cash flowing single family properties in TX.

What's the benefits of each.

As such you may be eligible to capitalize/deduct expenses directly related to the investment property and those that are indirectly related to the investment property.Items normally paid to acquire a property such as a home inspection and title costs are capitalized and depreciated over its useful life.