In handling all the heirships, we discovered one of the deceased siblings had a son and the Title company required his signature to close. 

The minimum seasoning period required to refinance a new construction mixed-use property can vary depending on the lender and loan program.Our company would require a seasoning period of at least 12 months,  This time frame allows lenders to assess the property's stability, performance.

The work itself will take months due to seasonal issues and how far out local foundation repair companies are booking out now.

They will be huge red flags to the mortgage company.

I work with a Chicago-based property management company specializing in Section 8, affordable housing, and rental investment properties (managing properties within a 100-mile radius of Chicago). 

The mortgage platform/company is "them" also.

I go back up to NJ when I am not at school, and was wondering how the property management companies ACTUALLY do with regards to the 'busy and tedious work' involved in a residential investment. 

Even if it does, many mortgage companies really don't care too much as long as the payments are made on time.That doesn't mean anyone should commit mortgage fraud.

or is it putting a burden on myself to be responsible for repairs, or is it no different from a dishwasher or fridge anyways.thanks for reading  Our property management company has that as a tenant option.

The above mentioned deal is guaranteed by the development company.