P-traps can freeze but most of those are visible and can be visually inspected. 

I like to have visual effects, auditory effects (hearing), and olfactory effects (smell). 

In an apartment building transaction, a Master Lease Option functions as such; instead of going under contract and purchasing a MF with a large loan, you may control the property through a Master Lease with an option to purchase the property at a previously agreed upon price in a few years.

It was ***-busting work trying to get all the units functional again but we never had to inject any cash.I had other deals of a similar magnitude going on as well. 

You can use the keyword alert function to notify yourself of when others are talking about Vegas or other topics you are interested in.Please let me know how I can help.

Keep your buyers from backing out during the transaction (the reason for this being that buyers often like to bring friends/family through their prospective property to get feedback -- better looking houses will raise fewer red flags with friends/family)If you have a house that doesn't have clearly defined spaces or a house that has some functional drawbacks, staging makes even more of a difference.

It is true, those liens become unsecured as a function of the foreclosure, however, a junior lien can be still collectible (thus borrower is still obligated to pay) after a foreclosure action of the first position.  

To protect your equity in the properties, you may want to consider setting up an additional LLC that performs property management functions such as leasing, hiring maintenance crews, etc.

They do not prepare and expect big tickets repair, for example, after a few months collecting rent passively, the roof collapse, the boiler stop functioning and they do not have the money to repair it, so the tenant leaves and they are stuck with the fixed cost of holding properties and they just want out. 

Good stuff...I'm going to begin exploring options of ways I can rehab the garage to make it a little more functional and less of an eye sore.