If the medical industries would work more on cure rather then "manage care", if the food industries would take the lead in producing healthier and yet tasty food, and if we all would "drop the chalupa" and have a healthier life, then we all going to win.

In your mortgage you agreed to cure any shortfalls in taxes and insurance.

The smart move would be to inform your tenant that she is in violation of her lease and allow her 7 days to cure.

If you believe him when he says he can cure the defects then go ahead, if it turns into a debate and you get excuses but no solutions, cancel and find a better painter.

'Dollar Crisis, Consequences and Cures' by Richard Duncan is a WONDERFUL read that tells that we will have a Housing Slump (the book was written in 2001 and revised around 2003 to include remedies), banks losing their confidence on consumers, consumers being savers than spenders leading to Deflation around 2010, how other countries will lose confidence in our Country (as this being the customer for other countries in the world) and how we can get back in business if certain remedies are initiated by the government(s) all over the world...CheersRam

However, an ounce of prevention is worth a pound of cure.

The outcome, however, may or may not be proportional to cure damage.

You can give the seller a note that wraps the problem lien and deduct the cost of curing from the equity of the note that you're giving them.

Send a Notice to Cure or Quit, outlining the lease violations and the timeline in which to do this.  

There are some down sides to buying in high cash flow C/D areas as well i.e. tenant turnover, vacancy, property damage, late rents etc..which can all put a strangle hold on your monthly income however that's nothing a great contracting crew, strategy and property management cannot cure.