Now that the Village is aware of the issue I feel that they would be required to do something, since this is a health or safety issue.

So these properties aren't fully rehabbed but the seller is taking care of all structural, safety and mechanical.

.; however it would be a safety net from month to month, if needed.Request: I want to know any and all of the possible financial or other real estate investing issues that I might come up against that I need to be prepared for that could put me in a precarious financial situation.So please, unload any and all possible events that would make this scenario something that would put my financial situation at risk.Thanks for your time!

If there is deferred maintenance and it does not impact safety or the aesthetic quality of the home, then I will continue to defer it!

Prior to that I was in the mortgage industry for about 6 years where I did everything from basic branch admin stuff, compliance and QC, processing, and eventually was a licensed loan officer before I decided to change paths to public safety.

My familys safety is more important than $$$$$

@Seth Razor Write a promissory note secured by each property.

Private lenders, Hard Money Lenders, a "subject to", an Lease Option, or a Private Lender don't usually care how you do the ownership. but most of those require some cash in the deal or "sweat equity" as a safety factor for them. 

@Ricardo Gomez   So for each property I gain, I add $6,000 to my “safety account” I won’t touch that money unless it’s for the reasons you listed.

The penny restores the circuit to operation but removes all circuit overload protection and is therefore a major safety hazard.