AS we know failure to pay tax or insurance is an event of default so one can quickly move against the asset if the borrower is not adhering to the terms of the DT / Note.

None of the mechanicals are being touched at this moment, but with plans to add central A/C in the future.

Boom.I take this tact on many high priced or specialty or design items, like countertops, light fixtures, appliances, large glass or window replacements, mechanical anything, etc….Contractors have their preferred suppliers who they know and are reliable, but are not always the best deal.

That's not at all what I'm about when talking to people who are asking for help, Jeremiah.I'm trying to tell the OP that ultimately, the critics are just critics, and when you're out there doing things and they're not, they don't matter.I'm trying to tell the OP that failure is a lot more useful than not trying.I've met a LOT of people who don't try because they're terrified of failure.

Hey @Michael Walley - I'd start off by saying, you are generally in a pretty good position if you haven't already paid him.FOR SURE YOU NEED TO GET LIEN WAVIERS if you have any indication that things could go sideways - don't make a payment til you get them.I would also ask for some type of breakdown of the scope of work you are paying for as you mentioned.Here in Chicago / Illinois a general contractor has 4 months to file a mechanics lien from the last time they were working on the job.I wouldn't rush to get an attorney.

Don't talk in a position of strength when you're promoting a relatively grey area, fraudulent mechanism.

One of the greatest failures in the entire Investment Real Estate community is our propensity to refer to any/all of it as "investing".

What are the specific techniques and mechanisms you're using to teach your children?

All of these tools are free to the landlord as of now (Tenant Cloud is changing in November so I'll have to find another free alternative).Let me know if you have any other questions on the background mechanics. 

galvanized supply pipes  and branch drains that are still in service are probably on the edge of failure.