Here is that ordinance which came about from bank owned vacant buildings which were causing lots of problems across the city. https://ipiweb.cityofchicago.org/VBR/assets/docs/o...No an inspection is not a requirement. 

You could put more money down (if this is feasible for you) or maybe go with an I/O (interest only) option to reduce payments and therefore increase the DSCR.If restructuring with current lender is not an option, find out what their minimum DSCR requirement is and if it is 1.25x or something similar you can find another lender with a lower minimum. 

When I saw Pace on a Bigger Pockets' podcast episode with Rob O and David Greene, I started really tuning in on Pace's Method.

It's nice to finally speak on here after lurking for about a year. I wanted to be educated enough before I made an account and contributed, so I waited while reading several books on REI I am currently finishing colle...

He is about 70 y/o and looking to sell some properties. 3.

During the I/O period payments were $6,700/month increasing to $10,609/month or $127,314/year.

Are you looking for two or three E-4s or E-5s to rent your place or do you want an E-7 or O-3 family.

The E&O insurance should cover mfg homes...

In my experience (I understand this doesn't apply to all contractors), insured contractors are more expensive but also more professional than contractors w/o insurance.

I was house hacking, and have since had my s/o move in.