or from an emotional standpoint, sounds nice to own in that beautiful area and airbnb it..nice options..- make sure you qualify for the refi cash out ahead of time.....the first rehab flip aint over though until its over..congrats on learning.....there might be more unforseen factors coming to sway your decision.

Has anyone had the issue of property failing city electric code inspection  after closing.

While I have an emotional attachment to this property (I knew the deceased previous owner, and hoping to own the other two properties next to it as a little compound), I'm also ready to walk away and say this isn't right for me and my real goals in REI.

The owner is pointing to this line of the lease and stating that it is the tenant's responsibility to pay for the mold test after she reported that there may be an issue (as stated in the lease to report immediately).My question: who is responsible for the payment?

It's not worth the potential issues that could happen between you and the current owner, contractors, etc.

This creates an issues as no bank will give me a loan to purchase the property in its current state.

They were having issues with a breaker so I sent out an electrician to check it.

If you removed them intact it not a real issue, breaking them up is an issue.

If that’s true, the operating income/loss of the MMLLC would pass through to only my tax return and the other investors would not experience a taxable event until the MMLLC issues a distribution.

Terminating the lease and filing an eviction for a depleted security deposit is a different issue than filing an eviction for money due.