They should carry renter's insurance that would put a long term tenant up in a hotel until the issue is resolved.

@Jonathan Klemm is correct that we commonly will submit for a building permit and then during that process need to pursue a Zoning Variation for any special zoning issues.

As far as identifying the end buyer, if one takes the time and due-diligence of being advised by an attorney on the legal methods of marketing their equitable interest in the property (contract) in their respective state they should be good to go.

Doing a refi will not fix the issue.

Hi there, not sure if this is the right forum, but I'm interested in starting a real state service business on the side (I have a full time job and rental properties), and recently came across a carpet/ flooring cleaning company in Austin TX that is in the market for sale, the owner started this business a few months ago and ran that for 3-4 months, the demand was solid for the start (revenue around $20k/month with one truck/van), he wanted to expand but got into family emergency issues and now he's selling the business, there are no financial statements as he says he's basically selling the assets (van, machines etc.).

Of course,If you run into any issues or hurdles on it, let me know and I would be happy to recommend some options for you.

How do you manage and monitor your projects from afar when things are starting to go left, especially when facing communication and progress issues with contractors?

Theresa, Thank you for the quick reply.The management company didn't know about the issue with the gas company when we handed them the documents from the gas company.He has not called the gas company regarding this issue.

That is exactly the issue that I am considering.

Possibly selling a townhouse with HOA issues that will leave me with some profit.