I was also going to call the county with the concern, but I never expect someone to do their job in a timely manner smh  Any help is GREATLY appreciated!

What are average HELoC rates (Im in NY but curious of rates to expect)He would be silent for the most part, covering the funding - my down payment I would hold the title of the property and be the primary decision makerThank you in advance for any advice as to how to structure this type of fundingLet me know if I should just use a bank mortgage instead

In that case, I’d expect it to cost more than those same properties.

This is expecting 1900 rent and accounting for pool fees, maintenance, 5% vacancy, 8% management ( I live out of state), property taxes , closing costs and a 6.5% 30 y loan after putting 25% down.

Has anyone been through this to where they can give some insight as far as what to expect?

The appraisal came out to be less than I wanted ($110,000 compared to $130,000 I was expecting).

We are eagerly expecting our first little one in a few months and really excited to put down roots in this beautiful city.

The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.

So investors squeezing yields to try to increase NOI might can expect a downturn if the economy goes back down.

Or do you just expect someone to spend a few months helping a stranger who is going to turn around and then compete with them?