Thank you for the recommendation, Sonia, from a fellow New Englander active in the Midwest.Are you heading out to Vegas for the Century21 celebration next month?

Unfortunately the seller never made the repair and the title company won't release the funds to me unless the seller signs off on it.

If large tenant is coming due like that the lender often imposes heavy reserves per sq ft in anticipation of the tenant not renewing and owner having to pay out TI,LC, and attorney fees to get re-leased along with down rent time.

Sounds bad but it’s real.3) legally, if a military member is deployed, you HAVE to release them from the contract and if 40 of your 70 units has military personnel, you could find yourself with 40% occupancy.Just food for thought… 

However, they might not- if they balk, you will need to offer a concession- maybe release some of the earnest money to them or offer a small increase in the purchase price to cover any potential FHA appraisal repairs. 

With mom and pop tenants would make sure rents are way below market so if they go dark after your release costs of (TI,LC, and legal fees) you at a minimum break even or have some upside on NOI growth.

They typically release the funds to you in stages as you perform work on the job.

Get that amount held back at closing (and a bit more for the unexpected) and once the work is done, any remaining money can be released to the seller.

Changes proposed to the Twentynine Palms STR ordinance draft released today.

If you are checking on things that have been sitting awhile on the open market, I would cross reference the address with the registry of deeds and search for a mortgage release document to make sure the seller owns it free and clear before wasting your time, your realtors time or anyone else's time going to see the property and digging further into it.