A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

However, it wasn’t clear if lawn care, snow removal, and ongoing maintenance costs are included, as they were initially listed as $0.I’ll clarify with the seller exactly what’s included in their reported expenses to ensure we have a complete picture of recurring costs and any potential gaps.the seller dropped the price from 798k to 645k.

If there's clear evidence of tenant misuse or negligence, I would proceed with charging the tenant.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Happy to answer more questions if the scenario is not clear.

@Philip MurphyYou would need to have the taxes paid and payoff his mortgage for you to receive clear title and title insurance.All debts on the property must be satisfied to provide clear title

In retrospect I would have spelled out the construction process more clearly in writing ahead of time.In your case the existing tenant is getting no new value so there is nothing for them to gain with this project.

It's clear wholesalers aren't seen in the best of light, but many investors still use them.

In industrial, my experience is clear heights, door count and size, loading dock access, and (probably not the case here) how perfectly level are the floors.I would also run a price sensitivity on how far rents may be able to drop to still make this worthwhile.  

He truly cares and it's clear by his actions he wants everyone to succeed!