Look at your purchase agreement- if the seller warranted upon execution that the property was free of code violations to the best of their knowledge and agreed to remedy any code violations prior to close... and your agreement states that the conditions contained therein survive the transfer of the transaction they are liable.

Hi Everyone, I recently got an executed purchase agreement on a 5 unit building (renovating two basement units that are currently not in use to make it 7) in my area (Lansing, MI).

We closed, then a executed the 2nd position mortgage (seller finance) and that essentially reimbursed me. 

When you buy a stock, you're buying a paper asset (a form of people's money) and the company executives honestly don't seem to care if you lose your hard earned money by investing in the stock of the company they work for.I'll admit that real estate is less liquid than the stock market, but by investing in real estate you don't have to worry about the market's volatility.

#execution

So when you have the apartment, you can taken deduction as the expense against the rental income.If there is entity involved, you might have to execute  loan agreement between you and your entity too.  

So I'm going to ask this question because I keep getting different answers, when executing a wholesale deal in Massachusetts what contract is acceptable?

Always, always, always have something in the works, either planning or execution.

-  the structure of having an internally owned PM company to execute all Operations related functions? 

There is "driving for dollars" strategy that you can execute yourself.