AAS in Electrical Engineering Technology, AAS in Mechanical Engineering Technology, and finishing BS in Engineering Technology.

What are your feelings about purchasing a small multifamily next to a mechanic shop?

Then they come and slap mechanics liens, judgments and all sorts of bad things on the property that I still hold the deed on. 

Home depot has their own brand and also have a type that has glue strips to stick it together and another type with just an interlocking mechanism that they say it is water proof vs water resistant. 

Talking to people who have owned them longer than me from the provider I used it’s not unheard of to have no maintenance the first couple years (out side of a tenant turnover).The houses I’ve bought anyways have entirely new mechanicals, roof etc so it’s unlikely any of that will go bad in the first 5-10 years.

If I am paying 75kish for a house in Memphis, which I have done, I want the house to be almost entirely new as far as mechanicals and big ticket items go.If it’s dated or not rehabbed I’d pay less.

(e.g. new mechanical systems, HVAC, hot water tank, flooring, paint etc) But NOT thoroughly rehabbing it (e.g. new kitchen w/ granite, new bathrooms, new plumbing, electrical, windows etc)Personally, I have always rehabbed my rentals nicely, and asked for higher market rents.

ARV  180ish in those days... probably needed 15 to 20k to change out mechanical and fluff and buff .so I am standing there and because of the low bid and the fact that northwest trustee converted to putting all the sales on their website.. ( which really blew it for us guys in the business)  there were over 30 bidders with qualify checks so at least 3 million in cash chasing a dinger that ended up selling with Maybe 10k of equity in it.. at that point I knew our great run was coming to an end and the days of picking off equity like we used was about done. 

First off, most contractors are not that far behind as far as payments vs work done and they have legal protections to get paid if and when a problem arises via a mechanics lien on the property.

As far as the legal mechanisms that you will need to put in place, itis probably a terrific idea for you to call and talk with a real estate lawyer in your locale to get their advice, would be money well spent.