And fico is down the list at what my commercial banks look at for multi million dollar loans I get.. those are based on the 3 Cs  Character  Capacity Collateral   and of course experience and length of time with the institution.. now this is for my development and construction loans.. 

Always have a construction crew ready to go!

Also, lead inspectors use an x-ray gun to check all the layers of paint, so just because you can't see it, doesn't mean it's not there.

For me, my team consists of a realtor, property manager, handyman (for small repairs), plumber, electrician, lawn maintenance, flooring people and even a small construction outfit for those bigger jobs.  

Ful lRepair Optiona.Minimum of $5,000 in improvementsb.203k Consultant is requiredi.FHA Approved Single Family “construction manager” who oversees and inspects the rehabilitation work from start to finishc.Nearly any type of repairs is allowed (luxury items are not).

The building inspector told one investor the house has be demolished, no option and another that he would work with the guy to fix it, but with major costs to fix, may be cheaper to demo and start over. 

Based on my knowledge, the 2 foot encroachment House A has on House B's lot would need to be demolished and any new construction would need to be performed to current building code. 

Hi BP - I have an opportunity to convert a well-constructed property into a short-term rental on St.

I really like the idea of owning a multifamily building but after some quick research into construction costs, paying 300k for a 2 unit building is not worth the returns in my opinion.

I would only tackle it if you have some serious construction skills, such as you have your own construction company.