@Daryl KingYou want to speak with a tax advisor to get proper tax advise.You may get a back-dated appraisal if the property was already distributed to you.

If that was flagged as a violation, then it probably isn't located in the proper place close to the ceiling?  

Than look at maintenance and cap-x, ask if your properly allocated and collateralized in contingency funds held for that aspect.

They may not even have the proper insurance as most insurance doesn’t cover properties vacant more than 60-90 days.

@Amir Mihub wholesaling is definetly not illegal if you do it properly.

As with any rental, I would recommend properly screening your tenants.

Should something adverse occur during ownership, only the LLC will be held liable, while your personal assets should be protected (provided you operated the LLC properly). 

Handyman also suggested that this could be because landlord didn't put the proper cover surrounding the sink. 

Hello - does anyone know if there are specific licensing or regulatory to originate hard money loans?  Specifically will only be doing loans in California.  I've already done a few on my own using my own money so I ha...

The exception could be if there is basically no insulation in the attic and the condensation is forming on the attic side of the ceiling and coming down through the drywall.You mentioned that the AC was not working properly.