Keep an eye out for details on here!

Have the tenants (or you) call the city, health dept, fire dept, P&Z, let the address the violations and contact him for repairs.

I keep saying how glad I am that we don't have an ocean here - EVERYONE would move here.Send me a DM, I'd be happy to elaborate on more details.

For a restaurant the lease should be specific as to drains kept clear, operable toilets, cleaned grease traps, health code issues pertaining to the RE, etc.

Fixing this is going to depend on how bad the affected area is.If there's just some mold spots on a bathroom ceiling, you can kill the mold with some vinegar, or bleach/borax.Bigger mold defects (like deep penetration) might cost you significantly more.If I was in this situation, I'll first get a friend out who knows what he/she is doing for input, then maybe start getting quotes from mold specialists.And you do want to do this as soon as possible - you're right this could affect your health and that of your loved ones

As @Joe Gore mentioned, you won't be able to do this with any bank that underwrites loans for fannie or freddie, which is *most* banks that offer a 30 year note.One way around this is using commercial loans which will allow you to set up an LLC with an operating agreement that stipulates all of the details of the arrangement.

I came across a 23 Unit Apartment Complex for sale in my Search for motivated apartment building owners and after getting some detailed expenses from the seller I realized that the owner isn't making enough on the property to cover his own debt service.

Skip to the last paragraph if you don't want to read in detail all the complaints I am getting, if you are bored and want a laugh read through.

Details!

Can you provide more details?