You have to be very careful making judgements, HUD will tear you a new one if someone has a case.

Freezing rain is the worst!

Part of maintaining homes is dealing with rain, snow, etc.

thanks @Jean Norton I noticed there's a lien/judgement on the property I wanted to put an offer on ($16500) from the town.

Is there a simple way I can cover the chimney up so rain/moisture doesn't get in but also allow proper ventilation?

We always try to get a tenant to agree to what Ahmed described, which is a signed eviction order with the judgement stayed until the date the tenant agreed to leave by.

After the unusual amount of rain this year, our tenants complained that there is a smell of mold and hired an inspection.

David your area might work differently than mine in Georgia.Here we give a demand letter for rent and notice to vacate.We can either mail or tack it on the door.Then after that notice and the tenant doesn't pay I can go to the court and file a dispossessory notice.The tenant will be served by the marshall.If the tenant does not respond in 7 calender days I automatically get a writ and they will be thrown out.The problem if a tenant does not respond is that the Judge will not issue me a judgement just the writ and I have to pursue a judgement then through small claims court.If the tenant files and the court date is set then where I am you have mediators to try and work out an agreement before you go in front of the judge.If an agreement is reached the mediator gets it in writing and if the tenant breaks the agreement you automatically get a writ and a judgement.So if they respond and go to court and lose then I get a judgement without small claims.On the claims you can hire a collection company.Instead of paying them any money you have a split agreement.So for instance they would get 50% of whatever it is that they collect.They put on the credit,file garnishment of job or bank account etc.It's not that you will ever collect a huge sum it's developing a rep as a tough landlord.

Because GAAP says it's not (by omission).You can make a personal judgement call that being able to close in x days (sometimes) is liquid for you personally, or being able to borrow against it quickly is liquid (for you).As far as Real estate being a "Liquid Asset" which is a defined thing--it just isn't.Liquid assets are very precise things, and over the years, what they are (and what they are not) has held steady--Real estate is not a "liquid asset".Common liquid assets include:Cash.

(sic) "5 and 4 5 years options" (we'd be more comfortable with 15 years) "the lease to be transferable in case i sell the business in the future" (we don't want to be stuck with an unknown new tenant) "maintenance outside on you guys and insaid on me exept if rain insaid you guys will take care of it" (we're okay with this) "i am not too comfortable with idea of yearly increase if you like we can do like mr ron said - 2 percent time 5 that is 10 to 12 percent every 5 years total of 50 60 percent incease in the and of the tearm" (we want 3% per year or a CPI adjusted annual increase) He is a good tenant.