and there was apparently "some leaking".

A payoff can cost $25-50 - a rip off.Fill out ins co docs asap to get claim closed out asap.Have tenant sign permission to remove and dispose of stuffHave them sign a liability release when returning their security deposit-------------------------6/8 addedCancel insurance on the structure, depending on your exit strategy, keep liabilityCancel prepaid utilities - trash, etc and get refundProcess ins. paperwork ASAP, get loan paid off ASAP as to not waste interest expense.I got 3 months of lost rent.. huh?

So, it's not in someone's best interest to try and enter into a contract and not have the authority to do so.The safety net will be at closing, as the settlement agent will require them to provide the necessary LLC docs showing they have the authority to act, the deal won't close without it, so you can leave that to your closing agent.

If some things are just legitimate "repairs" versus upgrades (fixing a leaking toiler), then yes you can deduct that portion.

All appliances are no more than 4 years old (washer and dryer included in sale)The outside is a different story: the porch needs extensive work, I need to have the roof structure inspected (the slate itself seems fine, and there are no water leaks evident).

This lender did everything that was promised and we have received a clear to close, as soon as docs are completed.

And, what you might not know is that the borrowers really didn't own the projects, just had the docs to show they did......LOLSome lenders have liget fees, check and see what they are actually for and if the lender is actually paying for services needed,or if you can pay third party fees, if not, IMO, move on....

Mike Nelson, although a note, mortgage or deed of trust, and personal guarantee are the basic docs, lending laws and SAFE act requirements vary significantly by state.Find yourself an attorney LOCAL to you who is well versed in private lending.

Issues arise from things as simple as the water being cut off then turned back on suddenly causing leaks... to a 15 year old septic tank never having been pumped out (these are lower income residents).... to whatever problems can come from an inexpensively made home that deteriorates after 15 years old etc...

You would have to study up on recorded docs for your county.