I was lucky enough to find a property just a few blocks from my TK purchase that was in excellent condition, fully tenanted with two units, passed the inspection with flying colors and is grossing close to the 2% rule.

I definitely ended up passing on this "deal" based on the red flags.

Instead, there should be dollar amounts assigned to specific events, i.e. demolition complete with full haul off, floors broom cleaned, no nails left in studs or subfloors $1,500.Plumbing rough in complete and rough in inspection passed: $4000Final plumbing completed $5000I am clearly making up dollar amounts, but look for these types of bids on large projects.  

If the complainer can't smell it in their apartment, but, are uptight enough to be bothered by the passing smell in the hallway...it may not be the smoker that has the problem.I have found that complainers/boat rockers are often wound a bit to tight, and that when you are a highly responsive empathetic landlord, they turn you in to their own personal karma delivery machine, to right all the wrongs that previously fallen on deaf ears.Good luck.

Furnishing it, years passing by commercial buildings built behind the townhouse.

People thought that was unfair, congress agreed and wrote and passed the "Garn-St Germain Act", which defines when it is permissible to call a note due and when it is not.

Any contractors or others who have read to this point, what do you think about a % hold back until inspection passes?  

I would imagine the best actions would be to immediately fire the management company, pass the keys onto a new one, sue the old one in small claims court for the listed damages.

I've entertained in the past but usually the person bails and stops communicating during the process. 

What if someone else passes away and now you needed their signatures?