The building is all stick, and the floors are like a fun house up/down. this could mean significant structural issues, or a lot of down time trying to fix these issues. it also needs a roof and lot of minor repairs to get it up to standard for this area.

Not the way I would structure that.  

Sometimes referred to as an SPI (Structural Pest Inspection).  

Was thinking of this thread today.Found a SF home that was structurally sound in an expensive neighborhood marked way down.No appliances in the kitchen and no toilet or sink in one bathroom. 

I wonder if there's a way to structure things so that there are monetary incentives for the PM when they keep a tenant in place long term (reducing turnover), and perform enough preventative maintenance to avoid high cost repairs that could have been prevented.

These are 4&5 unit town homes structures I am building  not to be confused with condo's.

I am not sure who these deals are structured.

It may give you ideas on how to structure deals.Gino

They provide us with Word docs due to the fact that we always need to modify them in multiple area because of the way I structure my zero down deals.

Thank goodness for me including contingency.We sistered in joists and put down new structural subflooring as well as cement board.The previous home owner had added a tub in the master bath.