The property is in need of some repairs but the main thing it would need is a new property management company or self management.

Due to some factors, budget mainly, we were looking at class C- and D type homes in our target area.

My area has seen an explosion in rent prices and the demand for them is absurd, this is the main reason, why I am thinking about holding this piece instead of flipping it.

I have mainly focused on SFR most of my career, but I did flip a small 15 unit apartment complex and some duplexes.

You form must meet the basic elements of a contract to be enforceable.2.

Top agents in your area typically know the top inspectors who are consistently good.They also know who the "alarmists" are, inspectors who's main value proposition is to scare buyers (thank good we had an inspection, the house was horrible, the inspector saved us). 

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

@Chris Mason my main reason for looking at one was I can pull a heloc on my primary for the down-payment, but the lender said I won't be able to do both (pull HELOC and a mortgage for a property).

So for eg: Total Property value in 1M (75% main home 25% ADU) my annual interest payment is $24K and annual tax is %12K, can i deduct 25% of both as an expense of owning and maintaining rental property (ADU).

I knew about certain properties being hard to finance, but not about condos with mainly investors being hard to finance.