Many jurisdictions have a "Holdover" element, that you can invoke if someone stays beyond their scheduled date (the actual process may vary).

For example, if an ESA is done and it finds substantial environmental contamination on the grounds, then it might not make sense to do the deal.

Now I'm thinking I agreed too soon and moved too quickly while it actually takes longer for the seller to fix some environmental issues and now two months later.

No additional cosmetics or upgrades will be performed without prior written approval by PM. 2) During Move-in inspection, only "damages" will be noted, along with "new", "OK", "fair", or "poor" as overall indicator for any particular element.

Don’t like to kill things, vegan/animal rights community, green or environmentally friendly community, natural/organic/anti pesticide community, or simply because it’s a better home building design.

This sheet can display the equity portion of the chart and also the remaining mortgage chart; if the excel sheet is good, you could also add another layer of chart if you add additional payment.From there, you check at what month the cross between the equity and mortgage, in a typical 30YFRM, it would be at the 18th year usually (I may not be accurate on this), but if you add $200 a month, the cross could be on the 15th year (for example).Now if you good enough with excel, you can add the 4th element of the chart, which is the appreciation forecast, I did it a lot.

This can be a very costly and time consuming process involving multiple parties.Then you will need zoning approval, permits, potentially an environmental test and so on.

That's awesome, a 24-unit could be a game changer for passive income.I can send you a due diligence checklist our team put together for multifamily and that might be really helpful for you (if anyone else is interested, I am happy to share with anyone who would like to see it).Here are good documents to gather / steps to complete during the due diligence process:- Appraisals- As-built construction documents (see what the build quality is and set up for electrical, HVAC, etc)- Easements- Encumbrances- Environmental reports and related correspondence- Government notices- Leases (with rent roll to verify)- Photographs - insist on looking at EVERY unit, otherwise you'll only see the ones the seller wants you to see- Previous site plans- Property surveys- Recent tax bills (can call the county to ask for an estimate on tax bills after sale)- Soil reports- Title reports, commitments, and policies- Zoning documents- Any other legal documents of significance that the seller has

Same thing can happen with not paying environmental fines in Baltimore City which can be not cutting your grass and start at $50. 

If, on the other hand, I am not having success finding an acceptable applicant, and the Owner is not happy with how long the process is taking, I also ask them to meet me at the property, where I proceed to point out factors affecting the lack of interest, which, usually, are due to shortcuts, low quality elements, or lack of adequate prep by the Owner, or at the Owner's direction.