Sometimes with REO's, we are not even seeing the deed recorded until the next subsequent sale, and we are double recording the deed after the sale to the end buyer.

If the pipes are galvanized and subsequently rusted or deteriorated then you can either tunnel under the house (stupid and unsafe if not done correctly) or hammer the slab and replace it with plastic. 

My business partner says if we let him slide this time we can possible set a negative precedent on the late fee.

A person who violates this subsection is guilty of a Class A misdemeanor for the first offense and a Class 4 felony for the second and any subsequent offenses.

I think this is a positive move for the city and will help clean up some of the areas and subsequently increase values. 

Brian, are you saying that if my wife and I create a multi-member SDIRA LLC that pools both of our traditional IRAs into one LLC, that any subsequent contributions would need to be made at the exact same proportion?

For example I use sliding doors which gives me more light and vent area. 

Then for each subsequent purchase, the LENDER will be providing the new DEPOSIT from your re-appraised and re-financed previous property - and will also lend you remaining balance required because of your built-up equity.

I want to figure out a potential exit strategy now because if it's going to be a money pit, maybe I won't buy the subsequent taxes, just hold the lien I have now. 

In order to defer all of that in a 1031 you will need to purchase other property/properties (yes you can sell one and buy several) worth at least the 1,400,000 and use whatever cash is generated by the sale in the next purchase or purchases.If the improvements are being financed outside the property itself you can reimburse yourself after you complete your exchange and subsequently refinance one of the new properties to pull cash out.