I was subsequently told the dog was evicted, but I don't know if the owner followed the dog out the door or was allowed to stay.

Manager shall have the right to assign this Lease to a subsequent owner of the Premises.

This is obviously not feasible, sustainable or deflationary and creates a further risk escalation in the intensity of a subsequent decline in confidence or ramifications.

The portfolio lender is the "commercial lender," in this case and can free up the FNMA loans that are at or near the 10 properties limit or the portfolio/commecial lender can do as Grant suggests and be used for subsequent purchases as well and skill FNMA mortgages all together. 

Not sure what action might be taken, if you bought Owner / Occupant, and have subsequently vacated and converted to investment. 

Thanks Scott, that was quite helpful.To clarify- it was initially an 80/20 purchase, but it looks like there was a subsequent refi which appears to consolidate it into something approximating a 90/10.

Talk to them about everything you've done and what you still plan to do to bring up the property and subsequently the general neighborhood.

You can also grab the seeds from the old sunflower heads and plant them in the subsequent year(unless the lead concentrates in the seeds, then I recommend not doing this.) 

You would have seen wild cap rate compression and rent growth over the subsequent 6 years and acquired them at an irreplaceable basis.

It appears that, other than Mike's tip regarding audible noises from the floor, most major issues with the foundation can be spotted by a careful, naked-eye inspection.As a follow-up, do both of you (or anyone else that joins the thread subsequently) rule out properties at that point or consult first with an expert to see if the issue is a deal breaker?