Good morning All,I hope all is well, I would like to share my issue with you all for some advise on how to tackle this problem.

Call the number on the letter, if you/your parent has trouble with talking to them due to a language issue ask for a translator.

Additionally, I look at building code violations and or recent permits issued for the building.

Hi - not missing anything, this is a very common issue. 

I thought I need to have a local contact- someone can come within 2 hours if issues arise?

-Tell them that anyone else who moves in at a later date must have a US issued ID (driver's license, ID card etc) and they cannot have any criminal record inline with your preset screening criteria. 

This will be helpful to hopefully offset some of the lad cost issues I am facing right now. 

If so, you will need to do it right away (If there is a temporary fix that can be done to ensure safety do that now)  If it's not a safety issue talk to the tenants and see if you can work it while they're on vacation or if they have family they can stay with (abate rent for the time out of the unit)

As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.

And it gets around any title seasoning issues when using certain loan programs.I once established a new LLC in order to aquire and quickly resell a house.