What are the owners' responsibilities, and are the managers responsible for fixing these?

As with any real estate investment, thorough due diligence is crucial.

Very helpful and all responses have triggered additional questions for my tax guy.

Typically, existing leases remain in place until their expiration, and the new PMC assumes responsibility under those agreements.

Good luckAppreciate your response.

As a real estate investor, understanding both the Debt Service Coverage Ratio (DSCR) and Capitalization Rate (Cap Rate) is crucial because they serve different purposes in evaluating and financing investment properties.

Tax laws are constantly evolving, and staying up-to-date is crucial for businesses and individuals alike.

The 1031 can defer capital gains taxes, but it’s crucial to identify a like-kind property and complete the exchange within the IRS timelines.

I've been calling, texting, and emailing and I haven't gotten a response.

This delay could have been avoided with proactive follow-up from your realtor.- Seller's Responsibility: The seller might have delayed addressing the violations or obtaining a new report, hoping to pass the responsibility to you.- Realtor's Oversight: Your realtor may have failed to verify the status of the POS report early in the process, leading to last-minute revelations.Steps to TakeTo address the current situation and prevent similar issues in the future, consider the following steps:1.