Purchase price: $332,000 Cash invested: $67,000 Sale price: $445,000 Purchased this great 9 bed 4 family at a discount. 3/4 units were rented so we increased the rents on them and replaced the timber supports on basement with concrete filled steel supports.

Everything will need to be replaced.

Stop paying rent and face an eviction.Possibly find a replacement renter acceptable to management.Good Luck.

He holds on to his replacement property for 2 years.The idea being that in that two years any advantage given to him will have balanced out. 

All the insurance brokerages I have spoken with require all the electrical, hvac, plumbing, and roof to be replaced before I can get coverage.

Replacing main lines is not a cheap undertaking. 

On a property you intend to hold long-term, replacing long-term debt with short-term debt makes no sense to me. 

usually its discretion of LL for replacement value, so you can push that $695k up or throw them into default.NNN absolute leases really need an attorney review or abstract at minimum.

To replace the whole floor would need to be taken out.

Replaced the carpet with LPV flooring, added new windows, and fixed minor issues with the property.