Sure, you could always go back to the written lease and say that it's not in writing, but I find that the estoppel forces everyone to put all their cards on the table - both the seller and the tenant - so they won't be able to try any funny business or "revisionist history" after closing.I find that the existing leases (if any) on properties I purchase are not very "tight" - so there is room for interpretation. 

I am sure most of us have encountered situations were the regulations have not changed one iota, however, the “new” person in the regulatory agency interprets the rules differently.I’ve droned on for a bit, however, this is just the tip of the iceberg in relation to all of the things I take into consideration when addressing septic system issues on a property.

Pickaway county is very good for landlords as they abide very strictly to Ohio Revised Code without any overly unique interpretations and some municipalities attempt to do. 

Here is my interpretation of what I was told.There are FHA loans for 3.5% down and you can only have one.

If this is a multi-unit property, it is the owner's responsibility (the way we interpret) and if it is a single, it is the tenant's responsibility. 

Having "somewhere to start" is only as useful as the quality of the data you find there.Even using the most generous possible interpretation of Zillow's numbers, they say that they're within $31,250 on a property at the median price in Boston. 

The way that I interpreted it was that he would only warranty the property within the time period in which he had it and accepted no liability for anything that encumbered the title before he had possession.

If you try to combine a refi followed closely by a sale and 1031 the IRS have many times interpreted that as a way of taking profit out of the 1031. 

Otherwise, I think it is capital gains.I think the real answer to this is somewhat complicated and has to do with legal interpretations of tax law but this was the part that I distilled down.

I’d recommend talking to an attorney and make sure there is no room for interpretation when it’s all said in done.