If the house only needs $5K of rehab otherwise, and you won't be looking at very many places inside the walls or floors, it might be worth getting the inspection, as an extra $2K is a large addition to the rehab budget.Another piece of the puzzle is that it's easier to do the treatment when the house is being worked on anyway. 

If  I was trying to sell a house....Furniture site: that new piece would look much better in your new homeComic book site: You could have an extra game room to geek out for less than you are paying nowDating site: chicks dig guys with big....... investmentsGamer site: Your current POV - Walking through the front door of YOUR new house.

Licenses, permits and code inspection fees (if any) will be very similar, same with real estate taxes.

Hey guys,Been a long time since I've posted, wanted to jump in and say hi and begin participating in the forums, time permitting!

True Rental Numbers:3884.50 - 2000.00 (Insurance) - 1000 (Extra Maintenance) = $884.50/yearThe numbers based not that do not make sense to hold it.

It does not have a closet but we would add one, to officially make it a fourth bedroom.The converted garage was done without a permit, therefore the property appraiser website is not registering the garage as square footage of the house.Will an FHA appraiser count the garage as a 4th bedroom even if the square footage is not part of the living square feet on the property appraiser website?

My project we pulled permit and city required paperwork to show correct steps were taking on removal, test and disposal.Here is link to my old post https://www.biggerpockets.com/forums/67/topics/165...

Most likely pull permits. 

Hi Dustin, my friend has an extra room in Logan Square.

I have the knowledge not the extra time.