The renovation costs may include a contingency reserve and renovation-related costs.Contingency Reserves:Contingency reserves 10 % required for any unforeseen cost overruns that may occur during construction.Unused contingency reserves that were financed into the loan will be applied to the principal balance of the loan.

I feel like the first option would likely occur, but I also feel like that's bad business for me and would be worried the renter would leave a bad review because of it, and thus possibly make it harder to rent.

Utilize the borrowed money to invest in additional properties.Die: Upon death, your heirs will receive these properties with a stepped up basis which can potentially eliminate capital gains tax on the appreciation that occurred on the properties during your lifetime.Have you utilized any of these strategies in your real estate portfolio?

My concern was small single person businesses are subject to robberies which occurred frequently in the area in the early 1980's.The building was built in 1890 and NYC established building codes in the 1920's, and someone owned it all the while passed and my dad offered to purchase it but was beaten to it by a flipper who got it for $23K, and he bought it from the flipper for $25K.

(They should expect clear communication from their agent as usual)The issue with this paragraph is that this scenario will very rarely occur.

Is the trust claiming that whatever occurred, the plaintiff’s recovery is limited to the corpus of the trust?

@Sarah Lev@Michael Ullman just shared a recent experience where things didn't go exactly according to plan, but also gave good feedback on how RTR stayed involved to resolve the issue when it occurred. 

If the one document you got showed a deposit of $1700, then that is what she's owed (minus any cleaning costs or damage that occurred after you bought it (ie you know she did it). 

That normally occurs when the prohibitive zoning is geared towards preservation and open area.  

I'm a big fan of the upside though.Topics on my mind:  what market conditions would have to occur for the NPN space to make sense for smaller investors?