My background was finance and accounting so naturally I'm concerned with ROI.

Should I push back on expenses of this nature?

I thought this was worth posting as well:Milton Friedman.....Greed Is GODDPeople are, by nature, rational self-maximizers.

Your purchase and sale contract should have covered outstanding rents etc.My buyers of commercial properties there is a standard contract however we usually employ the services of a real estate attorney to draw specific language to address concerns with a specific property.The commercial forms are generic in nature and commercial properties are very specific.Did the seller not inform you of the tenant being behind on payments??

Due to the nature of the issue I cannot have some of the newer less intrusive techniques applied here IE. pipe bursting and or lining.

Yup, lots of idiots in the mortgage business, but in my experience, there are ten times as many in the agent business...Unfortunately, real estate in general is a low barrier to entry business, so it will naturally attract a lot of people that can't do anything else.That said, those in this industry who are good (brokers, agents, etc) tend to be VERY good...5% of the people have 95% of the skills...

Good cash flow and an improving housing market are good ingredients for success!

Section 9-2201(k) states:"'Mortgage loan' means a loan or agreement to extend credit made to a natural person which is secured by a first or second mortgage, deed of trust, contract for deed or other similar instrument or document representing a security interest or lien upon any lot intended for residential purposes or a one-to-four family dwelling as defined in section 103(v) of the truth in lending act, 15 U.S.C. 1602(v), located in this state, occupied or intended to be occupied for residential purposes by the owner, including the renewal or refinancing of any such loan."

NOT ONLY THAT, but i would also love to be finacially free while learning and gaining more experience.My ambitious nature is starting to come out and i know i want this.I have ALOT of QUESTIONS, but since im Literally starting from the bottom, where do i start?

It is proposed that the first several securities of this nature will likely be issued with no credit rating.