I purchased a 4-unit building gut rehab in Chicago, with a 203k loan.The contract had an “as is” addendum.My contractor applied for building permits with the City of Chicago building department.They were advised that the property has multiple injunctions against it, and was, in fact, in demolition court.This obstructed receipt of my permits, rehabbing my property, moving into it and receiving rents, as was my plan.Neither the seller, nor his real estate agent disclosed this information to me.If they had, I would not have purchased the building.The signed contract states under “General Provisions” Section “H” Code Violations:“Seller warrants that no notice from any city, village, or other governmental authority of a dwelling code violation that currently exists on the Property has been issued and received by Seller or Seller’s agent (“Code Violation Notice”) If a Code Violation Notice is received after the Acceptance Date an or before Closing, Seller shall promptly notify Buyer of the Notice.The Seller and his Agent both knew about these violations as the list of violations clearly correlates with his ownership of the building, but did not disclose this information to me.The “as is” addendum does not exempt the seller or his agent from notifying me of this material fact.This withholding of vital information violates the terms of our contract.Had I known this, I would not have purchased this building.The seller and his agent were both aware of this.Are there any legal remedies for me? 

I have called the police upon numerous occasions and they can do nothing because no one monitors growth limits and police have to have a warrant to come on to property.  

That offer was with only 10% down - and most likely that person didn't know the condo was non-warrantable, either.

Some buyers have run into wholesalers who haven't done the work to warrant the profit they make, but true wholesalers do the work that's required as it sounds like you're starting to do.For the mail out, how many did you send?

Hey guys, Looking for advice on two different REI Groups.Gulf Coast REI Associate (Meets in Pensacola which is about an hour commute from me)http://www.gcreia.com/Professional Investors Guild (PIG) - Destinhttp://www.meetup.com/DestinPIG/(Meets in Destin which is about 10 minute commute for me)These are two that hit my local searches on facebook and google.It looks like they both warranted positive reviews.Do you have any experience with them?  

If their argument is that the PR was selling below value but the house's condition didn't warrant the high appraisal, can I submit contractor remodel estimates to help lower the appraisal?

Some high end and historical projects warrant the special backordered tile, the custom woodwork and cabinets, the custom cast iron gates and hardware.  

1. not registered/ no lead cert = failure to pay rent is not possible. lead cert needs to be done immediately, registered with the city, and registered with MDE. then file the failure to pay rent for all months he owes, show up to court, get the judgment, then file the warrant of restitution, schedule with the sheriff, show up and boot him out ( or he pays you) 2. month to month lease means you must give him written notice 60 days in advance of his final day of the lease. your "you told him to leave" holds none to questionable weight in court. if it was a text message or he acknowledges the notification, you might have a chance....but don't count on it. mail the letter, certificate of mailing, yesterday.

Hopefully by 'beating' it you mean the age and condition warrants needing to account for LESS than 50% monthly expenses, right?  

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