After doing some research, my husband and I now know that in our state (Maine), a mechanics lien MUST be filed within 120 days of the work being completed.

I do have a good work history, ~8.5 years at current job as a mechanical engineer, and excellent credit.

Since the hot water heater is packed in this little mechanical closet with the furnace i am wondering if i should also replace the hot water heater.

Now that I understanding the mechanics my long term goal with this operation will be to keep the interest payments steady. 

Tenant agrees to hold Landlord harmless for any mechanic’s liens or proceedings that result from Tenant actions.

We had to file a mechanic's lien in a state where a lawsuit is required to foreclose so now we are spending even more money.In their agreement you can only act pursuant to a certificate of authority which says you can rehab the property.

Always discuss the problem and solution before the mechanics of the deal.2.

For me it's not so much that I hate the platforms, it's more the old "builders house never gets built, and mechanics car never gets fixed".Account Closed  were you aware that the top level domains .estate and .property are now available through Google Domains?

There is no 'technical' reason a WRAP can't be used in that scenario...the mechanics of it are fine. 

@Marcia Maynard  some of my mid west vendors that I finance will do kitchens and baths as nice or nicer than medium priced new builds here In Oregon and Wa.so in those areas were there is competition for the best tenant.. what are they going to choose brand new kitchen and bath with granite and stainless appliances. and a fully tiled bath include shower or 20 year old formica with burn stains in it... and cruddy old white appliances.this is what todays turn key guys are doing in some markets.other markets not so much.. they will spend the money on mechanicals and go with small cheap kitchen and just bottom end bathrooms but that is also what their competition is doing and what the tenant expects.