For a building other than a certified historic structure (a) atleast 75% of the external walls must be retained with 50% ormore kept in place as external walls, and (b) at least 75% of theexisting internal structural framework of the building must beretained in place.

I was wondering if anyone here has tried creative ways to get your tenants to maintain your property well and to also retain good tenants.

While usually a borrower is afforded the right to cure, the Mortgagee retains the right to accept payment and an acceptance of payment is not grounds for reinstatement after an acceleration.  

Hopefully, I can retain most of the advice as I move forward but I believe keeping podcasts and forums like these as part of my routine should help.  

I am not sure how much benefit you get there though as only a reasonable percentage is retained by the prop management company.Also, you can certainly ask the tenant to pay rent to whatever entity you specify, regardless of who has signed the lease, but again this may or may not help your end goal.I think you should probably get some further clarification from your lawyer, there are a number of ways this can be handled appropriately, it seems for some reason your lawyer is steering you towards only one.

It's been 2.5 months since signing contract, no real communication in 1.5 months, no end in sight, now we are just trying to back out any way we can and retain deposit.  

As a result, I believe that they have to retain them on their balance sheet if they don't sell them to investors, which makes them a very good indicator of skin in the game.

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We were also responsible for paying the subs directly ( plumber and electrician). we retained the last payment until the punch list was complete.Hope this helps,Chance 

Depending on your goals, holding U.S.A. property inside a corporation may even be preferable as it allows you to control when/if retained earnings are repatriated to Canada - if you're objective is to grow your holdings, you can leave the retained earnings in the corporation to be reinvested.An LLC is not automatically a "flow-through" entities, depending where you are operating, you may elect for an LLC to be taxed as a corporation or as a flow-through entity.