If you proactively offered him even a small extra piece, say 5%, that would be huge in his eyes and buy you a lot of goodwill.....

Assisted living - for those that may have medical conditions that require them to have assistance.

I know some Boards that only hire a PM to assist with property maintenance and accounting.You need to speak with the board members to determine what responsibilities the PM agreed to.

When you subsequently transfer the title to an LLC within the same year, it will typically trigger another reassessment.This means you are likely to face two property tax reassessments: one when you close under your name and another when you transfer the title to the LLC, even if both transactions occur within 30 days.

How can we assist you further?

Mellissa, Even with a "tile" roof... most builders still only give a 1yr warranty on everything, unless the paperwork says differently!

Even though lenders will tell you there is only one way to do it, different lenders have different interpretations of the rules.

Having to add it later would prove even more costly. 

You could potentially shore up the loan by adding additional collateral (even if it's in 2nd position behind bank loans) but it's still pretty risky when you aren't knowledgeable about this type of project.

If this brings the whole building out of rent stabilization, then you can charge 2000 a unit instead of 1200. still worth it even with 1 less unit.