When I mentioned that he said contractors and PM companies weren't doing the jobs correctly and when he did find a good contractor the state took them away for bigger money. 

Thanks for the reply!

Relax.....if this is the biggest mistake you have made, you are doing fine...If its really freaking you out, talk to the tenant and let them know there was a small error on the lease and either amend it with a new section they sign, or make a new lease with the correction.

For example: an appraiser will not take into consideration googles announcement, only sale comps and competing properties.Often times the correct answer is a mix of both inputs.All that said $200k sounds low and I don’t think anybody here would recommend taking any action before at least getting an appraisal.

@Aaron Klatt can be correct. 1, 3 bedroom unit can cost you, minimally 30k if it's just updating, but then again there can be more things that need to be done, especially with a 1901 home.

Make sure to @ me so I see the reply, or quote this comment.

Lots of silly replies to this, going to try to offer some real advice here.First off, I didn’t believe in ghosts either until I experienced one.

I've read most of the posts, and I think I've read most of your replies.

@Kelsey GreimThats absurd ..Refuse to close until an updated lease is signed by all parties that includes the correct terms and regulations you expect in the lease agreement .

@Rob Beardsley Thanks for the reply.