@Sidra Amir I have a needy tenant that comments on EVERYTHING we do at the property from small maintenance issues to having large pieces of equipment onsite for projects.

@Benoy Varghese When I take over a property I send a letter to the existing tenants introducing myself and telling them where to send rent and provide the necessary information regarding my policy for dealing with maintenance issues.

Capex and tenant issues tend to exceed cash flow and when you decide to exit after a couple of painful years, you are in for another surprise:It is shockingly hard to sell cheap homes! 

Perhaps these liability issues aren't something most people building think about and if so I'd be interested in hearing that. 

There's some who are more so there to help advise as I make my own path presumably with the ability to identify issues ahead of time.

Clark County which encompasses the rest has a lottery and is in the “process” of issuing licenses, although last we know there have been 4 issued.

So far no issues. 

My friend said his client nearly bailed when she found unexpected wiring issues behind the kitchen walls..apparantly the seller hadn’t touched that electrical since the Reagan era..but with a patient electrician who understood the local code and a carpenter who improvised a shelving trick in the diningrom, they ended up selling above asking.Flipping and building can get tricky, especially once you start thinking bigger.

To clarify, I had initially put the property under contract but had to back out of the deal due to negative inspection results, specifically related to foundation issues.

Should you run into an issue with said tenant and need to evict or should city know you placed them in there, you expose yourself to potential fines.