Be careful of such situations as it is very easy to get into a situation where you have to evict right after putting down good money to purchase the unit.

Hi All, I picked up a rental property about a month ago and funds were to be distributed into my bank account August 31st / September 1st from my PM company however I have not received them yet.Just wanted to get opinions on this situation;  and if this has happened to you,, recommendations on how I should go about making sure its taken care of / dealt with?

You would also have a higher duty of care with this type of building and therefore, higher liability.

It doesn't impact the mortgage so the lender shouldn't care (not something they need to know about). 

@Colette Chase  I agree with @Kimberly Jones, be careful about the area. 

Still looking for a reasonable licensed plumber, but the contractor usually takes care of this.4.

Several you should pay attention to are:- Ordinance & Law: Provides additional building coverage to deal with rebuilding costIncreases due to changes in Zoning or Building laws- Personal Injury Liability: Libel, defamation of character, wrongful imprisonment, etc.

Nobody cares if you mess up so neither should you. 

Tread carefully though.

If it needs work, perhaps you should look into building corporate credit while you take care of your personal credit.