So I'm getting a ruling on this to be safe and I recommend you call on this as well but I called the gov. and the guy said it can be 5% either way.. so even if it's 95% new you don't really need to worry.

It's the safe and smart play if your goal is to build long term wealth.

Obviously this is untested but why not take the safe route.

I know a good cash flowing property is hard to pass up.... but the market seems on the cusp of some volatility and it's keeping my sidelined, for now.The market seems to have been driven by free money and foreign dollars looking for a safe hiding place... cough cough China.  

that my front door will be knocked off of the hinges by the PD and once they have made sure its safe for the inspectors to enter, they'll come in and take whatever action is necessary to ensure the safety of both myself and my neighbors, as well as the fire fighters who'd have to risk their lives due to my own idiocy. 

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My current role supports the Downstream side of O&G primarily the refineries which are making good money right now, so I should be safe for now..

(Not consecutive)This was my very first offer I've heard so I'm just asking around to be safe!

Otherwise, it makes little sense - why not just use the rent to build a massive cash reserve, or transfer the funds into safe mutual funds in the 3-5% range, and pull them as needed to fund your "final" lifestyle? 

How much am I looking at paying if I want to be in a safe environment?