Overall, your purchase looks like it will have legs once the property - including the carriage house - is performing ... at the moment your CoC looks a little low.I would get some additional quotes on your repair costs.

. , only the upgrades that make sense for increased rents/lesser vacancy/better tenant profile etc. should typically be performed.

. :)See how life is as a tenant, there are advantages, especially if you plan to travel.Start planning now, but I don't like the idea of selling performing and appreciating assets and then living off the money.

The agreement is made to transfer title after the buyer performs their obligations under the contract.

@James SyedIs the building performing?

Can't recall a seller disappearing, they may not answer calls.Two options; walk away or sue them for performance.

If the contractor doesn't perform do you have the capability to finish the project on your own?

The best performers are ultra short term strategies, such as statistical arbitrage (that what I do).

Has anyone used a "Performance Clause" with their contractor, whereby there is an incentive for finishing early and disincentive for finishing the repairs later than specified on the contract?

Another example, Glimcher is one of the leading performers among REIT's at the moment.