Hi.We are switching property management companies in CA for our 4 plex and one of the terms on the new manager's agreement is as follows: Indemnify, defend and hold harmless Property Manager, and all persons in Property Manager's firm, as permitted by law, from all costs, expenses, suits, liabilities, damages, attorney fees and claims of every type, including but not limited to those arising out of injury or death of any person, or damage to any real or personal property of any person, including Owner, (i) for any repairs performed by Owner or by others hired directly by Owner; (ii) for those acts relating to the management, leasing, rental, security deposits, or operation of the Property by Property Manager, or any person in Property Manager's firm, or the performance or exercise of any of the duties, powers or authorities granted to Property Manager;Anybody else see Indemnity clauses in their property management agreements?   

This is not financially intelligent and your going to absolutely lose your shirt trying to stick your neck out to buy this place .

I have no idea what it would have been like to do this with someone breathing down my neck and crucifying me for every little "mistake".

As the federal court in Wisconsin wrote about raze orders enforcement, "Such measures are not designed to appropriate property for public use at private expense ... but rather are designed to prevent the injury and disease which are so often the by products of substandard housing."

If this were the end of August and the semester was breathing down your neck, that would be a different story.So I would pass now and double down on advertising.

It states that:[T]he corporate form may be disregarded and individual shareholders held liable for corporate misdeeds when (1) control over the corporation by those to be held liable was so complete that the corporation has no separate mind, will, or existence of its own, (2) control over the corporation by those to be held liable was exercised in such a manner as to commit fraud or an illegal act against the person seeking to disregard the corporate entity, and (3) injury or unjust loss resulted to the plaintiff from such control and wrong.The test is conjunctive and requires that the plaintiff can satisfy all three prongs of the test.

The repair need not be necessary to prevent further in jury to the property to justify the use of the warranty; generally, substantial housing code violations are sufficient.

Lots of people to learn from here.I for one will advise getting your RE knowledge from conventional sources, not from guru programs, they can get you in trouble in your neck of the woods!

In my neck of the woods, you must check MLS "Hot Sheet" and cull out all of the FSBOs (that just listed because they didn't sell) and the relists that your agent doesn't recognized as an old listing.

I'm up by O'Hare - not too far from your neck of the woods - an am in the city very often.