Because it is FHA insured they may have some required repairs (usually structural or safety related).

It would have been cheaper for us to put up a big modern box in the lot, however, we want to keep the integrity of the neighborhood, and transform a house from a safety hazard to a bright spot in the neighborhood.  

Sleeping hours are from 10:00PM – 6:00AM Sunday through Thursday, during this time, we expect to have tv’s, computers and conversations lowered.12.All housemates will practice safety such as not walking away from stove while in use, not blocking exits, being mindful of candles and practicing common sense.

Up to 75% LTVNo US credit requiredFewer country restrictionsDTI up to 50% consideredInvestment propertiesSFRs, townhomes, condos, 2-4 unitsNo SSN or ITIN required12 months reserves requiredNon-warrantable condos considered5/1 ARM or 30-year fixedLoans up to $750,000 (minimum $75,000)Seller concessions to 2%

You also want to tell them to avoid the safety hazard and you want to confirm in writing after the safety hazard has been corrected.I would then address the legal threat as a separate issue at a later time and I would do it verbally.

So just make sure you understand the difference between a remodel for looks/safety and one that meets actual city code.

Once again, it depends on what you want to do, if you want to dedicate your time to learning and stuff while also having a safety blanket of working as a realtor for a more steady income, even saving up to pay your first investment, or just investing right on!

Hi All,I'm looking for a good, honest contractor that won't charge and arm & leg to do some immediate repairs on my property. 

He's no more likely to be doing anything illegal out of your unit than any other tenant.As for the safety comparison..... and neighbors...... and "bad people" it attracts...... you can say the exact same thing about alcohol...tobacco......and many other vices our tenants may have.My one emphasis would be the no smoking policy....not because of the substance but because of the damage to the unit from smoke, flame, ash and odorAnd ANY proposed new tenant has to pass the screening....NO EXCEPTIONS..... so if the dad knows that may be an issue down the line, it needs to be addressed now as a problem.

Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.Buckle in, keep your arms and legs in at all times, and enjoy the ride!