Justin, Both of any of the following scenarios could have happened:1- There was a long term leak under the slab (either clean water or sewer leak, or both) that have cause the foundation to settle, and thus cause even more damage to the rest of the pipe lines.2- The settlement of the foundation due to non-leak reasons (such as bad soil mechanics) might have caused the pipes to break or crack.3- Lifting the foundation causing the pipes crack.4- Combination of all aboveI have had this property for a few weeks, so it has been out of my control.The lowest quotes I have got for fully replacing the sewer line and clean water line is about $13.5K for a 1800 SF house.My deductible is about $2500 if the insurance would cover it.

The same is true for the heating mechanical.

While the 9% sell at close to par, I think you're looking at <$0.40 for the 4%.However, you're right, that's the big reason the non- and for-profits like new const, up to 15% developer fee.I will say though, that is probably one of the better mechanisms to get more LIH.

@Steve SmithOn the one hand, the differences are  much bigger than you suggest and have little to do with the difference between Sydney and Brisbane, where the mechanics are pretty similar.

Just trying to understand the mechanics on this before I pull the trigger.  

You'll just have to ensure the venting mechanism lines up with the existing plumbed vent.  

In fact, you'd be responsible for the costs--which can range from $5,000-$150,000--EVEN IF YOU JUST PURCHASED THE PROPERTY and the prior owner didn't know about or didn't disclose the issue.OREIA's Legislative Affairs Director, Dan Acton, has provided the committee with opponent testimony, and OREIA has proposed reasonable suggestions for modifying the bill to assist you with this expensive, possibly business-killing remediation.However, despite these efforts, the committee is attempting to pass the bill without change before July 1st, which means without your help, it could be Ohio law by late summer.Please call (preferred) or email your State Senator and tell them to delay a vote on Senate Bill 113, sponsored by Senators LaRose and Beagle, until a mechanism for funding the required meth lab clean-up is created."

I am a mechanical engineer and the owner of a roofing company, so I wanted to offer myself up as a resource if you need any advice.

If the property has a good roof, electrical, mechanical & plumbing I'll buy it.  

Jason - If you are the kind of guy who asks your mechanic for legal advice, then take the advice of the others that have commented previously.