In order to "do anything" as far as conversion or repositioning, you will need to get a certificate of non-harassment from each and every resident.

. - LEAD certificate/test for each unit. - If 3 units and more – Fire Alarm certification, yearly. - If 5 units and more – Private trash pickup contract.

Your offer to purchase should include a requirement that they provide all documentation and agree to sign an estoppel certificate (also called estoppel form or agreement).

I will get any certifications but none are required by the state at this time.  

Here are the terms and fees:  12% - 14% interest only payments3 to 5 points origination (depends on location)Appraisal Fee: $425 – $550 (dependent upon location and independent appraiser’s fee)Inspection Fee: $100 - $150 / inspectionLoan Documents: $475Loan Admin Fee: $500Credit Report Fee: $30 ($35 for Joint)Flood Certificate Fee: $15Monthly Servicing Fee: $15 A mortgagee’s title policy is required.An insurance policy is required on all loans for the term of the loan.Up to 70% of the After Repaired Value (excluding points & fees), not to exceed 100% of cost.6 month term3 month optional extension (extension fees may apply)While these fees can be significant on the front end, it can save you money on the back end.

From my limited understanding, a Certificate of Appropriateness is necessary for approval on any new construction.

I had actually seen the amendment but then also came across this article below which got me really worried but I guess my concern on rental payments etc can be mitigated with an estoppel certificate. https://www.nj.com/hudson/2020/05/union-city-landlord-group-files-lawsuit-to-overturn-new-city-laws-freezing-rent-increases-and-halting-evictions.html#:~:text=Union%20City's%20eviction%20freeze%20ordinance,COVID%2D19%20state%20of%20emergency.

You cannot assign your price quote, so you will have to pay the purchase price and then flip the certificate or tax deed.

Hello, Here are two options as I’ve worked for a large bank opening business accounts With the series LLC verbiage in the master certificate of formation and an operating agreement that outlines the intent of the series LLC, you should be able to get separate EIN numbers for each series and open the accounts with all of those documents.OrYou can register the DBA owned by the series LLC through the Secretary of State which is the easier route.

Sometimes they've been inspected but never deleaded, this prevents you from being able to rehab that property until you get a lead certificate.