The City PWD came out yesterday (plumber is scheduled to come tmrw) and told me that there is a potential leak in the water line and gave me a Notice of Defect (NOD). 

Going into year two I could already notice a significant change in my business.

He noticed sagging in the floor indicating the main girder is probably broken, and water leaking in through the roof (it was raining at the time).

My goodness I just noticed all of the typos in this post.

Hi Everyone,I’m looking at an investment property in SoCal and I’m noticing very low cap rates.

He said that he expects that I refund him the March rent that he prepaid since he is giving me more than 30 days notice. 

I wish life worked that way....Costs you need to understand from your servicer are boarding fees, servicing costs. if there are extra costs for tax and insurance escrows, if their costs change if the loan becomes non performing, how much $$$ to send a notice of default for non performing notes, and how late fees are handled (I have seen some keep all late fees, some split them 50/50).To calculate yields I use the 10bii app.  

That said, in Washington, with the changing legislation on tenant payment, leasing, renewal and notices dos and donts keeping compliant can be worth professional help on its own. 

Tenants let him know about foreclosure notice.   

Not an attorney, but the Ohio law only says that the penalty for not listing full contact info on the lease is that the landlord is not entitled to certain notices in situations related to 1) witholding rent due to unaddressed repairs and 2) rent being deposited with the clerk or courts rather than paid to landlord.