(Both bad and good)2.) what documents should I provide when filing?

Yes, lenders are able to provide commercial cash out refinance based on income, similar to a residential DSCR.

Hello all, I am posting to see if I can find an attorney and if anyone can provide feedback in regards to a flip.

For the first floor they will not provide any copy of an old lease and will only provide last two months of payment history for the building. 

Quote from @Amer Swid: Hello,So the inspection report came back with these red flags, the offer for the house was 300k, then i asked for 25k reduction and they take care of all the hazardous stuff but they said ok for 25k but you take care of everything.Anyone know how would approximate be to:1) put chimney flue2)do knob and tube rewireing (i heard it will be costly around 30k)3) change furnace4)pluming and asbestos (not sure if I should do anything for the asbestor)any help will be muchHi Amer,Dealing with an inspection report's findings can indeed be daunting, but let's address your concerns with a bit more specificity, considering the details you've provided.

Make sure you use net cash flow, so you are accounting for maintenance, repairs, cap ex, vacancy, and property management; based on the numbers you provided your net cash flow is probably less than $1k per year. 

Gutters, downspout repair, siding etc-good reviews on angis list, has his company registered as a LLC, referred to me by a local contact -can provide proof of insurance but will not add me to it as additionally insured. 

It would be really helpful if there is tax code or written rules I could provide the IRS.Any help or recommendations are appreciated, thanks!

I've completed several condo conversions here in Columbus and the attorney fees were around $5k, plus you need to hire a survey company to provide you with a condo survey, and you will also need to hire an architect to draw up the final layout and measurements of the interior....both of these documents from the surveyor and architect will then become part of your HOA condo docs.

I've had banks do the seller provided 2nd on some apartment buildings I bought, but I've never seen one do it on such a small asset like this.