That said, the real problem here is the tile sub and a lesson should be learned here by all to ensure you hire the right guys.

However it would probably suit him to install a larger more efficient tank since the heating source would be running all the time if the hot water keeps running out.  .  

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

I think the duplexes would be better in terms of phasing the construction with the bank, and I know in my city anything over 4 units needs to meet all the efficiency and environmental guide lines, which drives the cost of materials.

There is nothing like that in apartments which makes the valuation process less efficient and probably more subjective.Cheers...

That way even in slightly sketchy locations we can just do what we need to do to make sure things get done effectively and efficiently for ourselves and others.Again I appreciate the time you took to look into my post!

I would want to do my own to confirm what the issue is, so I can ensure I am fixing the right issue, and not the answer to some half assed research that won't fix the problem.

We keep the balance on this account equal to 3 months worth of mortgage payments just to ensure we have enough cash to cover a mortgage payment if someone's late on a rent payment.

They may hold funds a little longer to ensure all charges are in and clear so that they when they release funds, the account balance is at 0.

Speak with a RE attorney and ensure they draft a detailed operating agreement for you specifying each person's roles and responsibilities and detailing the "what ifs" scenarios.