.- Consider reimbursing the new owner: While not ideal, paying the $6k might be the most cost-effective solution to protect the contractor's license and your reputation.- Learn for future projects: This experience underscores the importance of thorough inspections, even on recently installed systems.- Check statute of limitations: Depending on your state, there might be a time limit on claims related to construction defects.As a hard money lender specializing in fix and flip deals, I've seen similar situations arise.

this newly identified risk mandates increased revenue (rent increases) to compensate for the increased risk of the government allowing tenant to not pay rent and damage unit with no legal means to get rid of the tenant.Just prior to the period in the article, CA passed statewide rent control on MF (starting at 2 unit) properties.  

I also let them know if there is any damage they will be charged for damages.  

If you get sued what is the likelihood they will win and what are the possible damages?

And third, you can make sure your lease's guest policy and non-smoking clauses are beefed up and made extremely clear to the tenants.Lastly, you probably inspected the property at least once or twice before closing, so you would have likely been able to determine if there was any significant smoke damage or cigarette smell inside.  

We completed our first fix and flip with cash and earned a 78% ROI. I now need a lender who can help me purchase my next properties so that I maximize the profits from my first property.  Any advice for shopping for l...

I want tenants that pay on time and take good care of the property...... other than that I could not care less what their political views areUnless those displays are damaging your property in some way/shape/form, leave them aloneGo ahead and put it in your lease...... tell your tenants what the can/cant believe politically.... see how that goes.... hope you have a good attorneyWow... have we really come to this??

There are plenty of HMLs here on BP and other reputable companies to work with.

I didn't owe anything, but I had sold my car to someone who racked up several thousand in parking fines and then promptly disappeared so they tried to flip the charges back on me as I was the only one left with money to collect.I called an attorney who sent them a cease and desist letter along with a warning that they would be liable for substantial damages if they ever contacted me again (and we would sue if they did).

Evaluate the lender's reputation and experience: Choose lenders with a proven track record who have been in business for a while and have reviews/testimonials you can talk to if you like3.