Click here to know what is going on and what is going to be required.The list of inspections is pretty exhaustive and covers a lot of things within the building and sanitary codes.The city believes that it has a problem with many older buildings being in disrepair and not maintained by the owners.The owners/landlords have issues with the city because they believe the city is overstepping its authority and does not have the right to inspect the buildings.In the middle, we have the tenants who should have clean and safe apartments to live in.

Thank you for letting me know, @Becca F.

Yes, and I didn't know where to post.

I would like to know what all qualifies as completely clean here- Electrical wiring is normal and no unlicensed modifications - Structural inspection is also clean.Seller is ready to discount the price by ~20% from market plus the cost to repaint the whole house What are other questions to ask and things to consider in this scenario?

I want to protect it but do not know how best to go about it.

My vote would be for family or close friends who you know and respect from earlier than your current venture.  

You receive the utility bill and pay it, while collecting from the tenants.TENANT PAYS When the meters are separated per unit, make it a requirement of move in to have the tenant provide their utility account numbers to you so you know they are set up and not being billed to you. 

Also, you may use the expected income to leverage the lender talks.Let me know if you need assistance finding the property to meet your strategic goal of the freedom to focus on the things that matter. 

Sometimes your credit or the deal itself might change things so without knowing EVERYTHING about you (which would be hard to do in a public forum) it might be hard to really say what's "normal" for you.  

Once I have my license, I know I'll be able to contribute even more.