When their budget problems will lead to higher taxes or reduced police/fire/parks/trash services?

I am not certain as I am not a code guy but I do believe for a basement you have to have two forms of egress and the hot water and heaters ( assume in basement) must be in a separate room and must be surrounded by fire retardant material.

I enjoyed reading the fire suggestion, then got extremely scared somebody would suggest having water on hand to battle a grease fire.

The broker should be fired.

She called the city last week stating there were fire hazards, which there weren't.

If your employer is concerned enough about it to say stop or be fired find out the problem before doing anything rash.

Because all we do is put out fires, there is no money for upkeep or needed repairs.

You might find yourself creating a situation that looks okay on paper but gets overturned in an audit because it lacked economic substance (substance over form).The IRS would likely challenge the use of multiple entities and an ESOP.Once upon a time you could donate a property to the fire department to burn down, take the donation and essentially have a property that was demoed and ready to rebuild.The bottom line is that many of the choices that might have changed the outcome today have already been made.

Once you own it on paper, you will be motivated to get rid of it.Step off the cliff....... and the net will appear.If your primary goal is to help investors succeed, you will succeed.There is a book called "Ready, Fire, Aim".

Hello everyone,Last month I was notified by management that one of my properties had a fire, probably started by tenant according to them and the police.