Hey@Sean KolleeI am new to this asbestos thing, I am wondering what my options are with this property in terms of cost, permits or safety, removal or replacing as infill.

It's not the most ideal situation - sure, we could've purchased a 2 family in a rough neighborhood and seen better returns, but safety and easy access to NYC were important to us.

Your W2 job provides a steady source of income, allowing you to save for future investments, while also covering your personal expenses and providing a safety net in case of any setbacks in your investing journey.Easier Access to FinancingBanks and other lenders often prefer to work with borrowers who can demonstrate stable employment and income.

Nothing will get you more prepared than not having a 'job', pension or corporate benefits as a safety net. 

Just omit any mention of that point, but you can still mention that the seller would save $ vs listing on the market because you would be dealing direct and can essentially bypass agents (if they desire, or say you have no problem if they want to be represented for safety, they key is making them comfortable).

-Am I in over my head with trying to take on the difficult task of renting out a 4 or 5 bedroom house, and should just stick with a 3 bedroom house for safety, regardless of the rental income it brings when compared to the 4, 5 bedroom houses?

This level of risk is not for everyone, but for the right person it could help you get into a house with enough of a short term safety net to get you out of a bad spot. 

Knowing that the toilet is leaking the floor is soft, this is a safety concern. 

We have started the inspection process, and prior to the main inspector coming in, I've already noticed several more cosmetic issues (cabinets have way more wear and tear), deck needs to be repainted and has safety issues, areas where drywall repair is really obvious. 

So what exactly or how exactly do "move-in fees" work compared to a safety deposit ?