Per the lease it was the tenants' responsibility to cover lawn maintenance and water was to be paid by the landlord and reimbursed by tenants.Although it was the tenants' responsibility to maintain the lawn, we worked out a handshake agreement that the landlord would continue paying his lawn guy and we would reimburse him for it.

At a minimum, ask the title company for assistance.

  $15k is the minimum.

@Brandon Sturgill Freddie Mac has a minimum loan requirement of $1M .... still struggling to get the loan done

1- It's customary to have a "landlord policy"...I use Allstate and after group discounts it's only $46/mo with state minimum coverage...property is valued at $145k.

Since 2/4 of the units are on month-to-month agreements.

Chase, Bank of America, etc) usually in the form of 5/1 ARM with 20% down minimum.

However, if we are all-in for $24k and rents are $1,000 for 3/1 comps in the 1,000 sqft range and could push $1,200 to $1,400 one could argue we have about $100k of building expense to break even with the opportunity for at a minimum $25k gross on a flip as an alternative strategy.

Another option I have considered in doing a lease option agreement but Id hate for the market to take a turn by the time I sold.

We had legal agreements both as a TIC, and later, as a condo association (with association dues).