I just found something interesting: In 2010, when they proposed amendments to 36-60-17 to make things clearer, this is one of the requirements, which would make a water lien sort of like a mechanic's lien, in that they'd have to file suit within 12 months or lose it......I'm going to dig some into that. " (7) A claim of lien provided for under this Code Section 36-60-17(d), shall lapse and be of no further effect one year after the filing of the claim of lien if an action is not commenced pursuant to subsection (1)(vi) hereof on or before that date which is the one year anniversary of the recording of the claim of lien.

My thought is the cash flow may be better than long term rentals, providing me with a mechanism to more easily role into a second or a third property.

As an attorney you already have the upper hand as you should value contracts, the importance of insurance and understand the mechanisms of litigation.

You will need to understand the mechanics of a cost segregation, as well as, depreciation rules. 4.

A 3rd floor addition will not only have structural modifications, but also require mechanical, electrical and plumbing permits.

If you're worried about break-ins, then you need to secure it.We give our clients several options, including removing & storing the mechanicals to avoid theft.Also, check with your municipality to see if they have any requirements.

The listing agent SHOULD tell the seller to make sure appliances, mechanical systems etc are accessible upon walkthrough/inspection day.

., testing main components, general mechanicals condition, basic roof condition, any major red flags, etc.) for a lower cost.

Honestly, it's not as big of a deal as people make it out to be as long as you're addressing mechanicals, or you're prepared to.

This insures over the standard exceptions which relate to parties in possession, unrecorded easements, survey matters, unrecorded mechanics’ liens, gap period (period between the effective date and time of commitment to the date and time the deed is recorded) and unpaid taxes, assessments and unredeemed tax sales prior to the year of closing.