It doesn't have to be a fire, it can be any incidents or major catastrophe that render the house uninhabitable and assuming that it is not the tenant's fault.

no services have been rendered as of yet. thanks so much Jeff Beardfor shedding some light, this is crazy. i had no idea how important it was to have an attorney on retainer...smh

But remember...the value of goods and services quickly diminish after the service has been rendered.

However the possibility because of the size of their operation the building and the economy, their space could sent vacant rendering me no rent.

This area has appreciated quite a bit, and finding a duplex for under $200K may be tough, but other central city neighborhoods like, Five Points, Beacon Hill, Dignowity Hill, Tobin Hill, Alta Vista, etc. may render some sweet deals.  

We've financed, and marketed properties with little more than the ground being tied up, and a rendering.

Hey everybody, I am very happy to post my first project that starts since I join biggerpockets 3 months or so ago, I moved to San Diego 18 months ago, I used to be in the big private equity sector, but I decided to start investing and consulting, so 6 months ago this  young talented architect came to me with the idea that his Girlfriend family, owned some land/Shack in Hillcrest area in San Diego, so I saw the property and fell  in love with it so I started consulting him as how to get funding, ETC. so finally after 6 months with city planners, and shifting as 30% equity investor my self, we found a bigger equity partner for the remaining 70%  and I am happy to share. that we started construction last Thursday this is a render of how our new 9 units are going to look like. 

I would hate to see you close, and then not be able to do a repair 6 months down the line that would render some if not all of the units un-rentable. 

And even then, there are so many other variables as to render the rule a useless one IMHO ... thus my advice above.

EP, as well as local township ordinances that could be in play.If the tank is out of service because it is deficient, many local municipalities will require that first it be pumped, they filled with stone and the lid broken to render it non-functional, then graded over and planted like in grass.In each PA  municipality there is an official called the Sewage Enforcement Officer, SEO, contact the township get the name and phone number of the SEO and call him or her for a direct answer to your situation.