Originally posted by @Jack Orthman:What exactly are you trying to do?

Originally posted by @David Krulac Krulac:@Barrett Dunigan At UPSET sales ALL liens, judgments, mortgages, etc transfer to the high bidder. 

I understand the contracts, financing ( I was a loan originator), what can and can't be done, I know what keeps you from getting sued, how to set a price, I'm not offended during a walk through if the house isn't perfect and someone makes a disparaging comment (they are thinking out loud to see if it sounds right to them) maybe it's not actually a deal killer.

Originally posted by @William Allen:@Mike A.Welcome to BP, I recently moved to Florida from Lexington Park, MD so I know that market pretty well.  

The banks are originating these loans and selling them off and not explaining to people they are buying a ticking time bomb. 

Another option is to retire the old roofing costs from the original basis if you can't expense due to a capitalized event. 

Originally posted by @Geoff DelGrosso:Already to phase 1.

Moreover, contamination from gas stations can migrate considerable distances and an owner could be responsible for remediating the plume even if was not the party responsible for the original spill.

I'm originally from San Francisco and agree with what @Brandon Croucier said about the direction the state is headed in.

STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.