Here in Ohio they are closing down restaurants and bars because of the virus.

C of O is issued by building department certifying that it’s up to code and you or your tenants can live in.

All casinos and bars are shut down, and no sit down at restaurants.

The number is: (2o2) 765-I264 and the attendee code is 522409519#Best of luck!!!

I know that banks will not lend if the property is not "habitable" (e.g. electrical, plumbing, etc.) but will they not lend if there are certain items on the CO report that have not been fixed during a refinance (e.g. window needs to be replaced, interconnected smoke detectors, fire code items, etc.)?

What are we supposed to do with tenants in the service industry who are now out of jobs due to state sanctions regarding bars and resteraunts being shut down?

If you have a DMSH election in place for the tax year and the total expenses allocable to the HVAC subsystem are more than $2,500, you would capitalize.If there is no DMSH election in place, you'd apply the betterment, adaptation, restoration (BAR) tests to make an expense vs capital expenditure determination.Either way, if the allocable costs are capitalized, my firm takes a partial asset disposition for the old system, which helps.

Find out the code words in your area.Good Luck and Good Investing! 

So long as you keep the house code violation free and put a $300,000 liability rider on your basic fire policy you'll have adequate protection.

I've talked to a few architects and dug through the code a bit myself but can't find anybody that really deals with this type of issue as it seems very niche and specific to three-families.