Phase #4 – HoldThe next phase constitutes holding the asset while collecting cash-on-cash returns (aka, cash flow).

That constitutes a tort called "fraud in the inducement" for which you can be sued.3.

The PM failed to get their social, and I would argue they failed by allowing the individual to stay for six months without paying, but I don't know that those constitute an offense so egregious that you should be compensated.

To be safe, you can check your local codes and see what constitutes a "legal" bedroom for the area.

Investment Info:

Condo fix & flip investment.

Purchase price: $1,200,000

Cash invested: $220,000

Sale price: $1,561,000

Three unit, four level apartment building. Purchased and converted to c...

However, that's a very specific situation that I don't think captures enough of our common understanding of what might constitute a "real estate market crash."

By definition the place is unfit for use.condemnv. 1) for a public agency to determine that a building is unsafe or unfit for habitation and must be torn down or rebuilt to meet building and health code requirements. 2) for a governmental agency to take private property for public use under the right of eminent domain, but constitutionally the property owner must receive just compensation.

@Nef OjedaCashflow Quadrant by Robert Kiyosaki.Great book on how to look at money and what constitutes an investment, ROI and cash on cash.

If we tried the original approach it would constitute illegally subdividing and thus subject is to crimal liability....yes jail time.  

I recommend constructing  a matrix of points for each letter grade and define your own letter scale based on your opinion of factors that would constitute a B neighborhood.Simply think about the neighborhoods near you now, grade them as you understand your hyper local location, then simply apply the same parameters for the area you checking out and this should help you make a more informative decision.Hope that helps you push off.