There are many reasons for this to be a sound law to prevent fraud, for example— imagine getting an absolutely filthy property with huge environmental issues without even knowing it’s been conveyed to you.

Verify if it’s on city water/sewer, if it has any liens against it, of the phase 1 environmental survey comes back ok, how the utilities are, if the profit and loss statements are accurate, and anything else that the park has.  

Yes, it is more management, but also well worth the increased per sq ft income and the social good of impact investing by creating community, affordable housing, and an environmentally friendly real estate solution.

And, this was handled directly with the subcontractor (meaning, no GC markup and I take care of the legwork involved with permits and utilities).I would guess the prices vary significantly based on location - labor costs and environmental regulations would have a huge impact on this. 

We made a conscious effort to make the home feel reasonably modern, but keep some of the historic charm, which is appropriate for this neighborhood.

Some other things you should do:SurveyPhase 1 environmental inspectioninterview current management companyinterview potential management companies and ask their suggestions on how they would manage the property.

Hazardous waste, such as a meth lab, requiring environmental clean-up?

It's important to consider environmental risks.

PROFESSIONAL ADVICE; BROKER LIABILITY: Broker advises Buyer and Seller to verify Property condition, square footage, and all other facts and representations made pursuant to this Contract and to consult appropriateprofessionals for legal, tax, environmental, and other specialized advice concerning matters affecting the Propertyand the transaction contemplated by this Contract.

I rented one of the house to a 2 people, they are not family member but just friends. they signed the lease agreement together which if one person decided to quit or not paying rent for whatever reason, the other party will also be responsible for the whole amount of rentRecently, one of the tenant got into a terrible car accident and will be at the hospital for at least 3+ months and currently not conscious. his family just contact me try to see if he can quit the lease.