Drama..... we pull off the property return it to existing conditions and the city allows me to install the cleanout on their property in the sidewalk area. 

However, it's essential to ensure that the property's condition aligns with your investment goals and that you have a clear plan for any necessary renovations.Fix & Flip :Freddie Mac properties can also be suitable for fix-and-flip investments.

You are going to have to refund them 100% of the deposit when they move out because you have no idea of the condition of the home. 

@Mike Dymski, in my experience raising institutional capital early in my career, I would disagree about "following a sponsor" for years, and actually many of the deal level analytics (a majority of institutional investors invest in funds not deals), but your point is generally correct.Ultimately, what I see a lot on these forums is that a lot of people are relying on the investment manager to also educate them on macro economic conditions, which will always carry a natural bias towards their types of offerings.  

We were able to create a great coworking lounge as well as build out a great entertaining space on the rooftop for stargazing, yoga, movie nights, dancing, great food, drinks and ocean and city views.It was in decent condition, just a lot of deferred maintenance, Has appreciated.

Be Patient and Flexible: Market conditions and unexpected challenges can impact your plans.

Make vacating the unit a condition to close in your offer.

Air conditioned air leaking to crawlspace making crawlspace heat or cold depending on season causing more power bill to tenants.

I will take on all the risk whilst always making sure the property is in a selling condition at all times and professionally cleaned and maintained, and if there's any damages my insurance would cover it.

If forced to cure - and it will be a condition of remedy - the tenant can take action against you for damages from leasing an illegal property.