Code issues also come into play when previous owners do work without proper permitting.

It requires proper disclosure to all parties and it requires a cash buyer at the end.

Nowadays, I would imagine the stringent lender pay down requirements for the complex owner mentioned above and the fact that individual loans are now actually underwritten properly, would just plain make this strategy unattractive altogether.

This can sometimes cause simple, frustrating issues with doors not closing properly or changes in the size of wall openings.As this settlement becomes a greater issue, you will begin to see micro-cracking in structural walls until they become visible by the naked eye.

While this was something the tenant could "fix" by turning the system off for a couple hours, it is not a properly working system that they should expect to be paying rent for IMO.

So I guess the answer, I work hard to install properly so afterwards it's just maintenance.

Not a good place to be, but reputable broker dealers will affirm that the note is a valid and properly secured obligation.

Is the ROBS the proper vehicle to do that?

That's assuming everything is right and proper here.

Also, not sure why a drain line would freeze either unless the original builder of 1912 didn't put a proper pitch in the waste line.