In California the only thing a title company ever asked me for was a certification of trust to be completed by the trustee of record, pretty sure they aren't legally entitled to a copy of the trust. 

During the feasibility period you will want to:1) Perform inspections of the property2) Get estoppel certificates from all the tenants3) Get all leases4) Get copies of all financial information, including copies of all expenses paid for at least the last year.5) Get rent roll6) Determine if a certificate of occupancy is required, and find out if the seller has one.Those are a few of the items you will want to see during the feasibility period.As far as the HVAC, if the unit was installed in the 80's, it's well past its useful life.

Hi Dennis, in general the owner of the real estate that has been remodeled/retrofitted to meet certification standards for assisted living should be able to lease the property for 2-3X fair market rent of a comparable sized house.

Typically, our breakdown looks something like this -At contract execution - 5%At permit issuance - 35%At Footing inspection - 25%At mechanical rough inspection - 20%At installation of cabinetry and trim - 10%At certificate of occupancy/completion issuance - 5%Now, this is set around large jobs.

Some of the boards are not updating the estimates used to fund reserves frequently enough to keep up with changing labor and material costs.I just wish that the "Certification" would teach the items mentioned above and providing examples and templates the Association can build off of.  

Also, the condo has to go through some re-certification process from my understanding though. 

Its actually, as far as I know, only for tax certificate foreclosures.  

Nina holds a Bachelor’s degree in Literature and Linguistics and an MBA degree in Finance and Portfolio Management from Johns Hopkins University, Baltimore, MD, where she also obtained certifications as a Contract Auditor and Investment Specialist.

(This is legal in most states only a few are against)As soon as final inspection is passed contact the city inspector for the certificate of completion or occupancy (depends on state). 

Port Huron has a Rental Certification department that issues certification (and fines for blight and other building violations) and without it you can't evict in the courts and can get severely fined if your tenant reports you or they find out.