The tenant isn't paying rent so it's reasonable to assume they aren't going to pay the electric bill.

Additionally, in the R-7 and R-8 Zoning Districts, you need a Conditional Use Ordinance from the City Council to authorize the conversion.

The rates aren't great, but it will lower our immediate out of pocket expenses over the next 5 years so I am happy with it.  

I think most of these bad investment investors aren’t learning.  

There are a high number of CPA firms that do not want to get involved outside of the FYI to their clients, and some state boards are saying that a CPA advising related to this registration is an "unlicensed practice of law" given it is not under Title 26 - income taxes - the only place where CPAs and EAs are specifically authorized to interpret law. 

There usually aren't photos of the basements and that's were most of the big ticket issues are.

I will happily foot the bill for supplies so they aren't out any money out of pocket, but with the prevalence of contractor-stole-my-money stories, it makes it hard to fork over an upfront fee.

That experience taught me to always overestimate CapEx and vacancy buffers... it’s much easier to sleep at night when you’ve got those cushions in place.From what I’ve read in Bloomberg, these challenges aren’t unique, especially with rising rates.

If you aren’t using a PM have you considered it?

It'll be well worth the $150 service call to know that you aren't going to end up in court.