In any deal/investment that goes south like this, your/buyer's side is responsible bc "buyer beware" is as old as time.

You should let both of them know that they are both responsible as they both signed the lease.

You are not spreading the financial risk if you are responsible for all capital.

There was also a failing retaining wall in the rear of the property that completely blocked natural light form a handful of houses, and was technically on the property line and a shared responsibility.

Just be mindful of the responses you get to your question.

I've never heard of an HOA that is not responsible for driveways that they laid and trees that they planted.

Then there comes the issues of who is responsible for paying of the excessive water bill.

Thanks for the response.

With this strategy, who would be responsible for utilities? 

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