It is not to find an independent value for the property.It exists to protect the lenders investment in the property.

Other than working with my attourney to ensure that I am protected, please offer some general advice and information.

There are benefit to finance under commercial loan which you mention  under llc  for asset protection. but negative impact will be higher rate.

I know it's my newbie, hungry to make my first deal and get the ball rolling voice telling me to jump on this but I also don't have a cushion to protect myself or family if things go wrong. 

- Up-front cost difference- Energy (heating) costs- Comfort- Resale value impact- Anything else that's relevantWhen I say crawl space, I mean a non-ventilated, moisture-protected (vapor barrier, waterproof spray, and sand/gravel), heated space, NOT the dirt-covered, ventilated space of old.Thanks!

I think these laws are a good thing for the buyer's protection.

No a fence is not required on a lake front, the risk of drowning is s given and not something a landlord is required to protect tenants from.

Just be careful that you don't deny based on any protected classes.

Purchase the note, set up w a servicer, make sure your asset is insured/protected and then let the note 'season' w the servicer for 90+ days to document a history that monthly statements and CFPB compliant late notices were sent and any correspondence is documented.   

Additionally, the final report counts as a public source, non-specific to a particular buyer, and not in violation of any protected groups under the Act