There are two styles of PM contracts:X% of the GSI for the unit(s)X% of the rents collectedYou will find (1) dominates the industry and (2) is more fair BUT rare :sigh:

In fact we in the industry refer to them as "TOILETS".

How long has the tenant been receiving treatment for this specific impairment?

Kilz prime all walls and do ozone treatment before you start to replace any of the stuff you've ripped out..

I have been in the electrical industry for 17 years, and I am second generation for the General contracting company.

Hi All, My works takes me to Spartanburg, SC from time to time and the areas industry and low operating costs/ taxes have peaked my interest.

Once they tell you what you're looking at as far as breed/possible treatment recommendations you can decide if you want to do what @Jeff B. said and take the first one and issue a warning to them about any further issues.

I realize finding and developing a network of industry leaders/developers/contractors etc is going to be the key to my success.

I am new to BP but have been in the industry for quite a while now.

It is quite a bit more complex than a straight exchange but your QI guides Where Pearce may have issues is in establishing intent that qualifies for 1031 treatment.