The city sees it as a safety issue, they will do it, but its rare.

Hoarding becomes a violation when it presents a fire hazard or other safety issue, attracts pests, or potentially damages the property.

You gotta always have that margin of safety 

I have to close, apply for a conditional use verification, get inspection ( requiring wired smoke detectors, other safety features) and get a business license.

The P&L isn't going to tell you that, you need to see the Balance Sheet.Put it simply, if an investor decided to hire someone like me to start handling their books and have to gather their financial statements, I would be charging an arm and leg to put it correctly.

•Do you have a safety net to weather potential slowdowns or unforeseen issues if you choose to BRRRR?

I would consider this a very loose agreement for an arm's length deal.

It's hard to tell if Josh knows this and is just trying to blackmail me in an attempt to get me to try to work on his behalf in twisting the sellers arm to do what Josh wants.

But because this was not an arms-length sale, the tenant could simply be notified of the change in ownership and where/who to send future rent payments.

When you say no only to my LLC then they will say how is that arms length transaction?