However, I think it's appropriate to have a minimum for all concerned.

One concern is this:  No other owners in Old Louisville have modern, trendy, updated units so theres no proof of concept.  

The only concern I have about new construction is the new property tax value when completed.

As always, if you ever have any follow-up questions or concerns never hesitate to comment back and will likely I'll be happy to give you some feedback if needed.

While I’m confident in its cause, I’m having an air quality test performed next week just as a CYA.This being said, I’ve become concerned.

I think that will give you the answer you seek.If your still concerned get a friend to do the contacting and if the previous owner is willing to work with you show up as your friends partner and put the QC deed in your name, or put it in your friends name and then transfer to you.

Gifts can Only come from family members, and Must be accompanied by a gift letter, stating there is no repayment.  

Any concerns with the tenants disagreeing, funding their own handyman saying everything is fine, and the it becomes a pissing contest?

I have a SFR with a septic and make sure there is language in the lease/rental agreement that scares the %$#@%#$ out of the tenant concerning their abuse of the septic and I make sure they understand it and initial next to this language.  

But by the time they were finished, we were under contract for $140K.Purchase - $75KConstruction - $22,368Carrying/Closing - $5,052All in - $102,420Sales Price - $140KI was a little concerned with the sales price being so much higher than we started out expecting, but I didn’t need to worry, it appraised at $142K.