This way you can say I warned / told you and you were aware of the risk.

@Jim Adrian, you seem to be reinforcing my own initial thoughts, @Eddie Memphis, thanks for the link - none of that was done, however, but it does add living space so I definitely think it requires permitting.Thomas S. solid advice and warning, great point about the liability - totally missed that.  

If you have a deal you're considering, post it on a thread and investors and pros will pipe in to either warn you to hold off or push you to pull the trigger.Best of luck!

He's open to it, but warned that it almost guarantees an audit and requires added 'precision' on our part -- which could mean IRS headaches if we ACCIDENTALLY/UNKNOWINGLY did something out of bounds or didn't document something correctly, etc.My conclusion is if you're doing 'simple' SFHs, and/or you're not an LLC, or anything 'special' a CPA who specializes in Taxes and REI work would do the job, an EA who's good with REI would likely be better; but, if you want to do anything unique/creative, or outside the box or also wish to then have the business succession planning or have kids and want to have the business continue should anything happen to you...and all that added planning, maybe a tax lawyer would be best, or a Tax Layer who works closely with the CPA/EA...make sense?

You can of course do what you want, but you've been warned. 

Once they tell you what you're looking at as far as breed/possible treatment recommendations you can decide if you want to do what @Jeff B. said and take the first one and issue a warning to them about any further issues.

After 30 days, I would send it on to a collection agency to have their credit impacted and warn future landlords.

I am waiting for this new President to try and do what he is going to do and the latest warning from H.

Give plenty of warning or step the increase over a few months if it is a big leap.  

There are three methods for aluminum repair approved by CPSC1 - Change all the wires (Most expensive )2 - copper pig tailing with COPALUM (Less expensive but require the electrician to be certified in using COPALUM)3 - Alumicon connectors (very economical. this is a product by "The king innovations" These are special connectors and available at home depot around 65$ per pack pf 25. ) I actually asked my electrician to use that but he found out that the box does not have enough room to install this product and he warned if we do that the aluminum wire may bend and break and would cause fire)Fortunately we found that most of the wet outlets were copper.