One of my brothers is not open to this idea and as I have had health issues, have lacked the energy to really pursue a conversation about why he feels this way.

(a) A landlord shall:(1) comply with the requirements of applicable building and housing codes materially affecting health and safety;(2) make all repairs and do whatever is necessary to put and keep the premises in a habitable condition;(3) keep all common areas of the premises in a clean and safe condition;(4) maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, air-conditioning, and other facilities and appliances, including elevators, supplied or required to be supplied by the landlord;(5) provide and maintain appropriate receptacles and conveniences for the removal of garbage, rubbish, and other waste incidental to the occupancy of the dwelling unit and arrange for their removal; and(6) supply running water and reasonable amounts of hot water at all times and reasonable heat except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection.

Hey BP,Contingent on a Chicago area property that’s in need of pretty major lead remediation before the city will allow tenants to occupy a couple of the units.City health inspectors have been through the structure twice and have issued an exhaustive list of items that must be fixed, including suggested methods for remediation.Closing is contingent on these items being handled by a licensed remediation/restoration firm, or at the very least having the work quoted in order to obtain a credit from the seller.So, can anyone recommend a well reviewed/reputable, licensed lead remediation firm in the Chicago area?

I want to be a bit more conservative, especially since so many people seem to see an economic downturn on the horizon.

@Michael EalyWe are struggling to pick a healthy market that will not suffer come the next economic downturn.

My buy in was a some cash ($100,000) and my expertise in exchange for 1/3 interest.... and a 1/3 of the monthly cashflow.The challenge , the way they ran the business, it was almost impossible to understand the health of the business.I still was not sure what the month CF on the existing properties was!!!

And from my readings, during economic downturns/recessions, we know that the rate of new projects or new constructions decreases.

You pay for the instream the container controls of holds.The third method is used mostly when the buyers and sellers are not interested in the economics of the asset.

We always tell clients that taxes need to be considered, but you still need to consider the total economic effect and impact on other / future opportunity.

Or do the economics just not work?