Plus, when we sell our rented units off, we do so with a 3-year warranty on all of the work we performed.

The reason I would like a 2nd as opposed to joining the title is because I want the opportunity to foreclose on that second (paying off the 1st) after 6 months if contractor doesn't perform as expected.

This one may be an exception, but the ones I have seen so far have been landlords trying to dump non-performers off on some sucker at an inflated priceThe area is great for SFRs.

That's not prudent, especially for a non or poor performing asset.

Another buyer might have a different strategy in mind where they see current non-performing value at 1.2 million EURO.

Greg,I know cap rate is an important measure on how a property performs.

The property management agreement I signed "grants the pm the sole right to institute legal and collection actions on behalf and at owners expense, to perform evictions, recover possession of the premises, and to settle and release such actions."

Did you show up ready to close that day even though seller was not ready to perform??

Performance bonds for completion may be in line.Ensure the minutes of meetings are current as to adopted proposals and debts or financial obligations recently not shown on the books.Look to any related party dealings, among other entities or related individuals

I will note the current owner has performed a lot of repairs.