My dry powder is still locked and loaded for an opportunity, with cash.

You want to make sure there are no environmental issues if it was used for purposes like a mechanic's shop or dry cleaners, etc.And rely on your real estate agent to connect you with the right people to help do this investigative work.

Also, the materials generally used to build homes in cold clients requires more maintenance that materials used in hot dry climates.

San Diego utility companies are notorious for sucking everyone in the city dry.

Do you have equity in the event that holding is going to dry out your funds?

So they got a lot of their money upfront so when the market dried up and they had no new originations or loans come in it was easier for them to just close it down.

Actually it's a little worst than that...dry wood termites can survive for about a week after fumigation.

Funny...you couldn't wait out a few years in the market but went to investments that are like watching paint dry..go figure.Your probably right.

The property manager for now suggested cleaning up, putting in insulation and then do the dry wall later  

Attorney and executor are two different roles, its complicated, but nothing as cut and dry like a Seller's duty to present all offers.