"After April 22, 2010, property owners who perform these projects in pre-1978 rental housing or space rented by child-care facilities must be certified and follow the lead-safe work practices required by EPA's Renovation, Repair and Remodeling rule.

Since its obvious there is a gravity furnace, they probably won't give you a credit to replace it, if its safe and working.

You might tell him, that under the new SAFE Act regulations, he needs to sell his non-owner occupied property in compliance with the new law.

Hi, first, the SAFE Act covers 1-4 family properties, not commercial loans.

Recently he came out with a book (My Life and 1000 Houses) and its safe to say this guy is a machine (I bought the book from his local office as B&N doesnt carry).

The transaction just has to go through a RMLO after the end of this month when the Safe Act will start to be enforced.

i suggest you contact the bank and/or title company for clarification. i know that here in fl, many banks will only honor what is called a 'durable poa'. better safe than sorry!

So If each home NETS say $8K annually or $666.67 per month after expenses, then its safe to say to add about 10% management, about $150 for taxes and insurance and 10% vacancy and repair allowance, WOW!!!

Now remember, under the SAFE Act. owner occupied sellers are exempt, one deal in three years, so we can buy all day, just can't sell.

As for leverage on a deal, Staying below 70% LTV and above 50% will probably be a safe area.