In traditional legalese, "executed" meant a contract where all obligations have been fulfilled, and an "executory" contract was one where parties still had to perform.In modern terms, "executed" often refers to the parties signing the contract (or otherwise agreeing to it).I have bought a few properties from Fannie Mae, whose deed contains a 90-day restriction.

Your in a tough situation with no easy solutions that are not costly.

@Tom MoleI live in Sherman Oaks Studio City and I agree with you you need to think creatively in Los AngelesFind a problem and offer a solution that's where you going to get the valueOn small apartments or 6 to 8 to 10 units find a mom-and-pop landlord that is pulling their hair outYou can take a look at master lease options which you leased the property on the master lease, and have an option to buy the property based on the low noi or net operating incomeI would use private money to turn the property around and raise rents and increase services and decrease costsApartment accounting is a little confusing and I do enjoy @anthony chara s training on apartments@Anthony CharaIt's online it's not that expensiveIf you're in LA I would not try to do single-family house Buy and hold investingGood luck!

Maybe they have a solution.

@Matt Carpenter  That just asks for modern style!

Also are you looking for a legal solution or are you confused or scared to re-state your concerns as you have listed them here to negotiate a a more equitable deal? 

In the case of flat roofing you may need to decide what type of solution you expect to get in order to know which materials supplier to look for.

plumber replace all old iron or brass water supply pipe and aging shutoff valvesplumber replace the lead water main and main water shutoff valve and repair or replace it as necessaryPro-active replacement of these old heating systems with new units.Have a qualified contractor modify the stair railings to ensure they are safe and comply with modern standards.

But with numerous repair expenses eating up my cash flow, I started thinking that may be this "turn key" solution idea is not so great for me.

Heat is suppose to be a better solutions when the price of gas is through the roof.