So escrow held $10,000 from the seller's proceeds until the water bill was resolved.

SUMMARY PROCEEDINGS TO RECOVER POSSESSION OF PREMISES 600.5726 Recovery of possession following forfeiture of executory contract for purchase of premises; accelerated indebtedness.

There are plenty of entrepreneurs in the UK property market who do very well, from the Candy brothers down to the average Joe who bought a couple of flats in Wimbledon at the right time and lives off the proceeds.

When you wake up and are ready to proceed, start work on the first thing. 

As I am an investor with MFUs,  the cash flow is paramount to my decisions to walk or proceed. 

The seller has supplied me with a rental agreement but refuses to show me proof of cash flow i.e. bank statements or copies of deposited rent checks.Is this a red flag not to proceed?

So at the very least can someone recommend a good lawyer in the area that would be knowledgeable about how to proceed?

Most of these local ordinances include tenant violations of federal laws as a basis for requiring a landlord to initiate eviction proceedings and for revoking a landlord’s rental license.

Since these needed repairs may affect my financing, I'm looking for some advice on how to possible proceed?

If I proceed, should I require a background check for anyone living in the property that is 18+ years old (players included)?