Upon viewing the property with the owner, it was evident that it was in much worse condition than anticipated and we were able to renegotiate a price.

If deposit is $900 and rent is $900 you basically agreed to giving him back his whole security deposit and leave it in whatever condition you want.

Hi Hugo,I manage a triplex in Midtown and was wondering if you happen to know a licensed architect that can draw up some plans that I need for a conditional use permit (City of Sacramento).How did things work out with your1B/1BA unit?

Windows were all in great condition and it came with a new roof :) What made you interested in investing in this type of deal?

So a deal where a house or a residential multi family property is in a bad condition, you do some rehab work, which raises the value of the property.

Tacking an upgrade like that on as the condition of another upgrade might be the city's way of making sure that eventually, everyone has a hardwired alarm system. 

Landlord can dictates the terms and conditions.

One of them is in very poor condition. 

I would not be able to do repairs using the VA loan, as the house needs to be in new/freshly renovated condition.

The roof of the building was in good condition so it will not need to be fully replaced (and since this will be a rental building and not a condo building, we can save this expense) and since the exterior is brick, there will be no need for new siding (some minor brick repointing will be done).