., 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.

I'd just never heard they had a mechanism for doing so.

All mechanics replaced.

If your shell is back to the studs, just getting the rough in phase; insulation mechanical, duct work, electrical, plumbing passed inspection, with the holding costs that will put you over 100k.  

Hi all, There's a 125 year old MF property that I have my eye on, but it needs upgrades (roofing, electrical is very old, mechanical is ad hoc, asbestos mitigation, etc.).

Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

Most fail to understand the mechanics of the court system and how litigation works.

No matter how much time and money was spent on renovation, trying to simulate heavy use of the mechanical systems as a result of the occupancy by a family was different.