In those instances you can purchase the new property in 'cash' position and do not have to get an additional mortgage. 

Exterior:Applied fresh paint.Replaced siding due to wood rot.Interior:Installed new ceramic tile flooring.Added new kitchen cabinets and granite countertops.Updated the bathroom with a new vanity featuring granite counters.Refinished the existing tub and tile surround.

TR-31 (new mandatory security) requires substantial cap ex to meet regulatory requirements. 

Our main office is in New Brunswick so we like to stick to about a 30 minute radius from our office.

As for the Media scare, I saw one news article touting a $100k special assesment on a HOA and when I pulled up the building the average cost of fire sale condos are $3M TO $5M and part of the special assesment was to cover new unneeded landscaping. 

I thought it would be better to throw a new post here about the rent deduction question.

Hi, I am new (like absolutely new) to real estate investing and wanted to get some advice. 

I have looked into different PML online and it seems that their requirements are very straight forward but they do require at least 1 new construction in the last 3 years.

.- New supply is expected to moderate, with inventory growth slowing from 5.4% in 2024 to just 0.5% in 2025.While the market faces near-term headwinds from slow economic and population growth, the moderation in new supply and gradual absorption of existing inventory should support improved market fundamentals over the next 2-3 years.

You could write a simple statement and have all parties sign and date:"Landlord and Tenant agree to extend this lease with a new termination date of June 30, 2025."