Shane Woods With either agent, do not use the professionals they recommend: inspectors, attorneys etc.

Most home inspectors are knowledgeable about the physical property but not as much about multi-family life safety codes (in particular fire protection such as sprinklers, interconnected smoke detectors, wall ratings, egress, etc.)You also might want to obligate the seller to obtain the CO.

I have thought in terms of real estate agent, real estate lawyer, home inspector, etc.

They person at the counter isn't going to flag your property and send an inspector over.

Solution- lower purchase price enough to make lender comfortable, or hire a qualified site inspector with more cojones.Case #2: Rural property.Solution- Decrease LTV with less attractive terms, meaning worst case scenario you make a lot of money on the debt and if you have to foreclose, you can sell it a price your borrower couldn't.Case #3: Poorly capitalized borrowerSolution- see Case #2What you meant is that the numbers don't make sense.

Inspectors aren't going to provide you bids.

I don't have a problem with that, but the price seems high.In two weeks, my REI is having a bus tour of homes...On this bus tour you will spend a day with an EXPERT INVESTOR who rehabbed over 24 houses last year and is on track to do 54 this year all without ever lifting a hammer, along with an EXPERT CONTRACTOR, PROPERTY INSPECTOR, WHOLESALER and listen in on their expert knowledge on exactly how they analyze their potential opportunities, figure out offer price, repair estimates, pros and cons on how to renovate the house for maximum profit potential...

I suggest you contact the Regional Hud office in Kansas City to the Inspector General as a possible fraud issue with the old owner receiving payments.

An Inspector drove by and slapped a "stop order" on us.

The lender may send an inspector back to the property as well to verify the repairs if they are required for the loan.12.