Frankly, If you sign a contract to buy a house at an agreed upon price, I think, ethically, you should perform or walk away without tying up the seller any longer.

And just as clear consensus that my PM is under-performing - in which case I'm under-performing as a business owner. 

In other words, banks are permitted to own a tax lien where there is still some hope that the homeowner will redeem, but as soon as that looks unlikely, the banks are supposed to dump the liens because they aren't supposed to own more than a certain percentage of non-performing assets.Not having read Dodd Frank in detail, I couldn't really call BS on it, but this is not my understanding of the overall content of Dodd Frank.  

Anything that constitutes a major inconvenience to the tenant, such that a reasonable court would find one negligent for not addressing quickly, constitutes an urgent maintenance need.Example of the former: leaking water, gas, exposed live electrical wires, smoking in electrical panel, dangerous leaning tree, etc.Example of the latter: poor heat performance of heating system; clogged gutters overflowing causing basement dampness; etc. 

If one was already performed on this property, you don't need to go and pay for a new one, you just need a copy of the one that's already available if you can get your hands on it? 

We don't like to get dirty, so we either buy REO's or vacant Contract for Deeds and sell to rehabbers, or buy Non-Performing Notes & fix & flip the note, or get a Deed-In-Lieu or Foreclose if they won't repay.We would, depending on the investors exit time frame;1.

@Brad ChandlerInteresting numbers for your performance.  

You definitely want to know the value of the property when it is performing to market. 

If they fail to buy, they aren't mad at me, they knew the terms and either failed to perform or changed their mind. 

As the title suggests, there was previous work performed on the SFR (1400 sqft) 4/2 in 2008.