It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate.

They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

My concern here is that depending on where your property is located, that might not be the market standard in that neighborhood.

Now that we're putting the finishing touches, I've noticed some issues with craftsmanship and am concerned that having him fix these issues will further delay us.

The door to the main home is next to your window which causes privacy concerns.

If you’re concerned you could ask for an appraisal which will take into account the value of the land, the value of the building, and the value of any rental income if any exists.

The reason this is a concern is because now I cannot use my neighbors as comparable properties as they are listed as B2 properties.

The main tenant continued to pay rent, and we failed to really do a proactive follow-up for the next couple of months.In June, we decided to check into the situation prompted by a call from a very concerned neighbor who is familiar with all the trouble the main tenant causes.

. , what it was formed to do,who owns the property, check with your lawyer if you are concerned.

They will ask you to fill out 1-2 pieces of paper, and they will probably send you a 1099 at the end of the year, but that should not be a big concern usually.I try and help my tenants out whenever I can if they can get free money.