What’s you defense for breaking the law going to be?

Transaction costs, seasoning, pre-payment penalties, DTI impacts, minimum lending requirements (more than 50-60k), and a long list of other issues make this a bad strategy.Buy 1 and see how it goes.

Potential for tenant issues and vacancies.

I believe the law firm handling this for the city has been trying to serve me papers.

I'm dealing with one now, example of issue: They want hand rails going down to the basement from the outside cellar doors.

Despite being at the top of the organization, Nader is very involved in the day-to-day and will hop in to solve issues.

Will the utility company give me this information or no because of privacy laws?

They finally signed, so the issue was resolved, but thank you for your reply Ray.  

Has anyone had these issues and needed to change their GC?

I don't think the issue is 13% normal but rather what are you getting for 13%.