In your later posts it would appear that a certain degree of replacement will be undertaken either by requirement of the local authority or for your own piece of mind.You also indicated the Vendor is unwilling to entertain any repair prior to sale.

If that is the case, I was just wondering if a lender looking at those operating expenses might not question how they're so low compared to most and would suggest having some additional supporting matierals (maybe an authorized statement from an experienced broker or operator?).

It depends on the city as to who has the authority but when I did this locally I had to go through the city planning department.

If you elect the Sub-2, I suggest you read more on the topic here and take care in following advice of any one author, you need to get with a local attorney to finalize whatever you decide to do.

We're using SmartMove for the first time with our first rental- the prospective tenant had not received the contact email we attempted to clear it and resubmit.The issue is that when we deleted and re-added him in order to force a new invite it appears to have left the application in a corrupt state- we have a header that says he is canceled, detail records that show him twice, and when he tried to authorize, his transaction failed.

If those old things turn out to have some life left in them, then you can hold off, but recognize that it's just a matter of time.I wouldn't worry about contaminants too much, every brick 4-plex in Cincinnati (there are more than a thousand, I'm sure) seems to have been built in the same decade, and contractors are very familiar with taking care of this.I'd talk to the tenants as well, let them tell you what is wrong with the place.

While you could pay for repairs, a lease here doesn't give you the authority to do so and such is usually barred as there are owner's responsibilities involved as well as a tenant obtaing an equitable interest in the property.

You could have a company in your name to invest, but you better clear that with the broker and the state authority, depends on what that company is doing.

Basically the reason why this isn't a good clause to use is in court it could be argued that you don't have the legal authority to execute a contract if you require a partner's approval.

(Many real estate agents, even after years, never learn to think like, or even recognize the fact that they are supposed to be business men or women.)2) You've got sales ability.