The way I see it, you rented the house in as-is condition, which contains wiring that isn't code now but was code when it was built and a property owner has no obligation, if the law doesn't require it, to upgrade homes to meet new building codes.

I understand that working with professionals decreases the likeliehood of this happening (and this person is a corporate America professional) but thought I'd get some insight from this very well versed community!

(some portfolio products might have a different term) So, as long as you do that you are meeting your obligation.

Am I obligated to anything as far as his parole goes?

Tenants who are victims of such offenses may terminate the lease without obligations for future rent or termination fees.

The corporate drone life is heinously bad these days.

You're missing the debt obligation of $875k @ 7.2% interest $5939x12= $71,268. $40,732 mins expenses..At a PP of $1.25M with 30% down ($375k) you'll be short of a 10% COC return..Also 7.2% seems like a very strong rate on a 10plex.

My wife and I had a “corporate meeting” and we made them and offer and ended up purchasing the property for $1K over our offer price at auction.

I quit an unhealthy corporate job last year, and while I’ve been thoroughly enjoying my respite (I’m currently in Colombia teaching yoga at a hotel in the jungle!)

After the condo association came out against STR's, I converted it to a furnished, corporate rental.