That is, the landlord must repair substantial defects in the rental unit and substantial failures to comply with state and local building and health codes.

The latter probably aren't in the real estate and certainly won't be lamenting their failure publicly.

A failure to make a 754 election will result in the basis not getting a step-up."

i am getting my RE salesperson license i have owned buildings in nyc in the past and the recent failure of my restaurant has sent me in a different direction.

George,The most common failure I see in residential rentals is caused by either abuse or neglect.

Frustration over failures won't stop me.

There is a lot for you to learn and those in your position have a 95% failure rate (most never start) so make studying your primary passtime for the year ahead.Once you are comfortable and can analyse a properties value and potential at a glance you are probably ready to consider starting.

I have used this for 4 + years with no faults / failures and heats the house nicely.

The statute of limitation is generally for plan documents failures.

Every now and then I see 10 new company trucks in a motel lot, and then I feel like a failure.