The plumber came back saying the either the pump was burned/failed because of too many wipes being flushed down or when "an outside vendor" did snaking the pipe, it damaged the pump.He also mentions the "pit" where all the sewage from the fourplex comes to is too large, corroded and needs to be fixed:"using gravel to fill in the existing voids present aroundthe pit, then install a new pit with the extension lidneeded.

The property needed extensive renovations - our budget is $115k.

Lastly, does anyone have any guidance on what to present in an LOI for DD periods/ approval period and extensions.

I.e plants, small area fence, extension to your wall, piece of wood etc.

I did extensive research on the topic between May and August.

However, given the current situation, it is essential to engage in extensive research, scouting, and analysis, and invest in prime locations and features that distinguish one's property from others.

To get this, I’m paying them about 10% over asking price in total purchase consideration, but the terms and monthly payments are so favorable that it really doesn’t make much of a difference.Although I’ve read extensively about these deals, this would be my first and my big question is around the taxable basis of the property.

@Robert S. sorry you're experiencing this--I've been in your shoes, and it's no fun.Luckily, I have extensive experience with this type of issue (I learned the hard way when I bought a property that was basically built above a subterranean river that caused three basement floods in about six months!). 

It's a fairly easy site to use and they have an extension on the retailer's site making shopping more convenient.

We have them sign extension paperwork with specifics on new rent We do not typically provides specifics, other than to let them know we are adjusting to be in line with the market