Any such assignment will release original Tenant/Buyer from all liability and substitute assignee in his/her place.12)MAINTENANCE AND REPAIRS:The Tenant/Buyer accepts the property "as is" on the date of execution of this Lease/Option except for items listed in paragraph (14).

@Jerry Gao not a great looking property from my numbers.I made some items up, but this place looks like a fairly low ROI.

And thats what some plumbers want.But the fact that you know what items to look for is going to give you a huge advantage.As far as creative financing, I'd be more than willing to answer any specific questions you might have.

Note you could get squeezed with this if the current tenant abandons the items and you have no one paying rent but are obliged to provide credit to new tenants.

Some of those items you can't even make up!

In all properties it good to have a Reserve Plan of these items, expected life and how they will be paid for during your ownership.  

The financial technology sector will eventually produce a winner that will capture the Generation Y’ers.

Can it fund the items in the reserve study?

those items should already be escrowed and noted by the previous FHA appraisal.

In desperation, I come to BP and ask for help: If anyone can share some experience in how to remove this nasty paid charge-off item from my credit reports, you have probably just saved my life...Thanks in advance,Michael