My leases have a pet addendum that clearly outlines the tenant's responsibilities.

Whether these laws that exist are actually relevant or merely wishful thinking is a dependency of the local and state law itself as well as exactly what transpired in the course of the transactionI have preliously outlined the steps I would take to ensure (IMO) an ethical transaction.

On the first flip, I didn't follow the "rules" Jake outlined on his calculator and in his course.

We have a trust that outlines what we think is every scenario (but who knows right).

Then get a lawyer to write a letter outlining under the lease what happens to their money when you get it.

It sounds like you already made up your mind to enforce the terms outlined in the lease which, in my opinion, is the right decision.

I've bought properties that had structural problems that revealed themselves after I bought (which I had to fix)--and having gone through that process, I can tell you that I would never knowingly buy a property with structural issues (except in rare circumstances outlined below).So, why am I willing to buy a property that's on the brink of condemnation, but I won't buy a property with significant structural issues?

General and Market Specific InformationIs there a clear and viable exit strategy outlined?

This is stated in the tax code under Section 168(k)(8) which outlines the bonus depreciation phase-down rules for property acquired before 9/27/17.

Just be sure to outline everything in a clear, legal agreement to avoid future misunderstandings.