It's good to hear true stories of success, failure, and progress of those before me.

Title insurance insured their title work and the title chain, not the $10K math error or failure to pay off liens in a timely manner.

I have recently joined my local REI club and I believe that stories from fellow investors, both success and failures, are a lot more valuable than reading ''gurus'' inside tips.

I know some investors that with even new septics will not buy anything on land unless there is enough land included that they could dig a new septic beside the original should catastrophic failure occur.

“There is only one thing that makes a dream impossible to achieve, and that is the fear of failure.” ~ Pulo Coelho

But like my boss always asks me at a job, "what would you do if it where your house" future potential buyers will like the fact of an updated utility room with less risk of failures.

Hopefully you hold title in a tightly maintained LLC, that's preferably NOT a 'sole member' LLC.However, it does need to be addressed immediately, a local investor friend of mine just got nailed $2000 for failure to clean it up on time & his units are empty, & he can't rent the units or sell them until its done.It appears that his local Bldg Inspector was roaming the 'hood for violations & had several local landlords in housing court.Lead Paint ramifications are a serious issue that is haunting our local landlords, esp the uninformed.good luck & keep us updated...

The PM's failure to do that was the one thing that could have held up if we had tried to charge tenants for breaking the lease.

Finally, Will is correct, it is a JOB, and treating it differently will most likely result in failure.

What I didn't know, was for whatever reason the deal fell through, may be a failure of inspection, or financing, I have no idea, and the property went to foreclosure, and was sold to someone for 180K in auction.