Below is a chart showing the average reclassification percentages by property type.Apartment Building - 20-40%Conference Center - 25-35%Fitness Center - 22-45%Assisted Living Facility - 22-45%Golf Course - 28-60%Theme Park - 16-22%Grocery Store - 20-45%Hospital - 28-40%Auto-Car Dealership - 29-35%Hotels - 20-40%Research Facility - 22-45%Manufacturing - 20-40%Warehouse - 20-30%Medical Office/Clinic - 22-35%Resort - 25-45%Mixed Use - 20-40%Leasehold Improvements - 20-80%Office Building - 20-30%Retail Strip Mall - 18-40%Winery - 18-25%Restaurant - 20-80%Bank - 30-45%Are there any other types of properties you would like more information on?

Recently, the high demand and lack of inventory has presented an opportunity for scam artists.

I do like the peace of mind that comes with the knowledge that the work has gone through the official permitting process, as this significantly improves the odds that is was done correctly and will not be a problem later.I am wondering if it is a good idea or a bad idea to purchase a property with significant recent unpermitted work if I can get it for enough of a discount to have all the work inspected, fixed if necessary, and perhaps retroactively permitted. 

Although, with the state of the Real Estate market with very little inventory, they will be renting until they can secure a property to purchase.

A lender might be able to use the rental income to improve your DTI and get you approved for a higher amount, though it may only be a portion of the rental income since its been less than 2 years.

MF properties hardly work out here as Charlotte is so rural we hardly have any MF inventory that when one actually does pop up it's so overpriced that the numbers hardly pencil out! 

@Joshua D. what are the chances it's an inventory issue and not an agent issue?

has your credit rating improved?

Value-add - first 2 months improving the paint/decking/driveway/gutters/drainage/etc.

I mentioned this to my friend that owns the company and he suggested that maybe my new tenant would be able to make improvements as he previously did construction.