Greetings to all,Its been a while since I've posted or really even been on BP, I've been dealing with my full time work and taking care of family but i havent stopped pursuing real estate.I recently got several calls ...

The most popular ones here on BP seem to be1) Memphis2) Cleveland3) IndianapolisI recommend setting up keyword alerts for each of those cites as they all seem to have pretty similar numbers and are all incredibly well represented here on the site.

Hi Everyone,I am considering a commercial purchase near the Napier neighborhood on Hermitage Avenue / Willow Street.

There are times when really large expenses come up, such as when the tenant manages to do thousands in damage or if a sewer pipe breaks under the street.

On this forum I see that opinions like "stop shifting blame, man up, bite the bullet" are pretty popular....But my question is more about: how can I use this opportunity and help tenant understand that they should report issues ASAP even if they don't care about the place where they live?

Here is the background:-While driving for dollars I came across a vacant house on a nice street and within a good neighborhood.

Here is the background:-While driving for dollars I came across a vacant house on a nice street and within a good neighborhood.

I am not sure how much you follow the market but multi is very popular now so it will be hard to find on market deals but if you are interested in discussing more just let me know and I am happy to help in anyway I can.

I live 40 miles away, so I called the owner of the biggest plumbing co in the city and he and 2 techs dropped everything to get to the property within 10 minutes of my call.I had put a garage outdoor access remote on the outside of the house.. they couldn't get in thru that because THE POWER WAS NOW OFF.Luckily i had put a coded door knob on the kitchen door that opens to the deck-- i gave them the code and they were inside instantly.The water heater was STILL SPEWING WATER full blast in a stream so strong it was hitting the second story ceiling and hitting the ELECTRICAL PANEL also located in the garage and that's what had knocked out the power .The plumbers immediately turned off the inside water main cutoffand sent me photos of the EMERGENCY SITUATION the pm so calmly let me know about by email an hour earlier.i fired the pm co that instant and got on the phone to STATE FARM (my HOMEOWNERS/rental policy dwelling ins co) all whiledriving an hour to the property.i also called the city's best WATER EMERGENCY REMEDIATION COMpany while en route.When i got there, the water was turned off ( finally)the drywall ceiling had fallen in, the light fixtures destroyed, the garage door opener plastic case was HALF FULL OF WATER and there were 1000s of mold blooms on every surface and hundreds of stacks of spiky growing black mold (looked like iron fiilings we used to play with in that game we all had as kids where u use a magnet and drag the iron filings around to put hair and a mustache on the bald guy cartoon photo) the mold spikes were 1.5" tall on the wood railings and stairs going into the house, on all of my beautiful built in wooden garage shelves--- what a mess-- like the streets of Beirut after the bombs went off.and I don't have allergies -- but i could not even STAND inside the garage because the WET MOLD MILDEW SMELL was so strong it instantly gagged me and gave me a headache and i couldn't breathe.So here we are on Jan 17 and now i know that the BEST rental dwelling policy does NOT COVER MOLD REMEDIATION AT ALL ( so far $14,000) but it does cover water damage with a $2500 deductible...

I am certain that there shouldn't be any zoning restrictions as the street only has MF building (10, 4-plexes, including us) and they are all listed as MF Residences with a single account per building.Our reasons for wanting to reverse the conversion is,1 - Tax value, as condos we'd be paying a premium2 - Insurance3 - Mortgage (Cash purchase but we will want to cash-out refi) and as condos we would need 4 loans...