I didn't understand what that meant when I first heard it.My business is centered around buying add value apartment buildings to increase the rent and add value to the property.At first, I didn't understand why an apartment owner would sell their property for less than what it is worth.

I remember viewing some high-rise condos in Philly where each 1bdrm unit had a long narrow layout, which meant that only living room had windows and not the bedroom...

Those heavy appliances are not meant to be moved!

That might have been what the inspector meant by "regrading", and a trench shouldn't cost too much. 

When I wholesale to someone I've never worked with before and have no idea whether or not they will flake out, I ask for a portion of the assignment fee as a non refundable deposit.Not to be confused with the earnest money deposit  which I have already paid to the title company when the contract I have with the seller was executed.It's a common practice meant to keep tire kickers at bay.Most serious investors are fine with this arrangement, most who aren't usually turn out to wannabes....which is fine, everyone has to start somewhere, right?

(I live in new orleans area porches and balconies are very popular, but its a 5 bedroom house i think might be more meant for a family with kids)

All these regulations force us to become more restrictive in tenant selection criteria and end up harming the very people they are meant to protect.

Hi Guys, sorry for my ignorance - I’m new to this (my wife and are about to close on our first investment property in a couple of weeks)…I generally understand what Arlen Chou wrote above, but when you say “put direct debt on that building”, what is meant by that?  

@Al Boettgeryes absolutely. ive posted a few posts on my RAL journey and meant to update on my journey soon (up to 60 beds at this point).

The peel and stick wallpaper is meant be removable.