check with lenders foreclosure 5 years ago should not be an issue  Not certain but I assume you could get around that.

Hello,I'm running into an issue with getting my wife as excited about this as I am.

My offer on a REO was rejected as too low - the issue with the townhouse is listed at (1)"system did not hold pressure due to damages, unable to find source of allleaks, water heater damaged at side where TPR valve damaged" and (2) "Water Supply and Sewage system was inspected for presence of obvious visible defects.

However, I have been talking about real estate investing with a lot of friends and family and funding is now not the issue.

We address routine maintenance issues, but the property was in pretty poor shape and we failed our first ever REAC inspection this summer.  

Further look into it I found out that Lis Pendens was issues last month.  

The agent had a friend that made the same if not higher offer but theirs was 30 day close and they were asking questions like is the title clean, any issues with title, etc.

You will have tenant issues, late payments, excuses, they will have young children, and probably above average ware and tear on the property.

We also target homes built 1990 or newer, as we are just more familiar with this construction, the issues, and hopefully lack of issues.I know there are a thousand way to invest in real estate, but these are my goals.

Please keep in mind that it is not legal to simply stamp your design without the architect or engineer doing the research into the design and code requirements (not to say some shady people dont do this, but its still illegal)My guess is the costs would be something in the $1500-2500 range.Also keep in mind that not all home design software will be useful to the architects and engineers, same goes for the plan review department.