They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

The Fed holds the key that could unlock both buyers and sellers — rate cuts — but it remains focused on lagging and flawed measures of inflation and employment.” — Barry Habib, MBS Highway’s Founder and CEO.

Most of what I shared are proactive measures you can take to greatly reduce your liability exposure and shield you from a host of claims that commonly arise in real estate.

It could be a major violation if you increase without taking the proper measures.

Be familiar with calculating ROI, prospective cash flow, and other important measures.

We all no lease options of more than 180 days in Texas are so stringent that it is rarely feasible.

I would at a minimum get 2-3 inspections and estimates, with actual data of mold measured etc.

We measure the beach from a fixed point (driftwood stump) every year.

So, what do I look for: REAL experience measured in decades, not years.  

Implementing risk mitigation measures like fire-resistant materials, updated electrical systems, and security systems can help negotiate better rates.