Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

The business plan should have been developed to do it with natural lease turnover.

The project has also been a catalyst in attracting other investors, leading to a downtown revitalization movement.

(I do not stand by the following information, please perform your own due diligence to confirm its accuracy)Affordable Housing Acquisition FundThis fund aims to ensure the following:Tenants shall have safe & habitable living conditionsProperty owners will not face financial hardshipsPrevents a mass exit in the affordable housing market that results in 2008 V2.0Applicants must adhere to the following guidelines:Owners may not sell the property without notifying HUDHUD must approve of the buyerHUD retains the ability to disclose to the buyer the seller's intent either to sell or transfer the propertyHUD will only allow the following buyers: Non-profits, public housing agencies, Co-op housing, community land trusts, or a state/local gov't agency specified by the Secretary of HUDHUD will provide purchase assistance to eligible buyers up to the full purchase amountThe agreed-upon sale price between buyer & seller may not exceed Fair Market Value (FMV)It must comply with the Cranston-Gonzalez Natural Affordable Housing ActTenants are only subject to just-cause evictionsTenants may not be discriminated against based upon the same criteria in the previous postResidents of affordable housing shall be provided the following free, voluntary services:Healthcare, employment/education assistance, childcare, financial literacy educationTenants shall elect a resident board/council that will control the living & operating conditions of the property (HOA-esque?)

So I would be prepared for them to say 'no' to any request for funds...that would defeat the cost saving nature of having the property owner maintain it instead of hiring a service.

I'm also very skeptical by nature...just curious if there is a way that you've used in the past or you recommend. 

The house it's in has natural gas.

It has a solid recession-resistant employment base (#1 state gov and #2 hospital system) and I think Concord has done a great job investing in and revitalizing its downtown over the last several years, making it an attractive urban area. 

The area is rapidly revitalizing and the potential was there!

Naturally, there were some ignorant comments from those with no understanding of the situation.