From what I understand:You can’t rent out a home that still has lead pipes until they’re addressed (at least not without risk).The city is replacing them, but progress is slow.Even after the city replaces the public portion, I’d still be responsible for the private part inside the house — which can be expensive.So I have a few questions for those who’ve dealt with this:1.

It was a lot of small, consistent steps, and plenty of seasons where it felt like progress was painfully slow.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Do it in intervals as you see work progressing.

I lost $300 in application fees, but thankfully my previous lender was able to close the deal within 2 days and save the transaction.But it didn’t stop there.

It seemed like it was a no brainer being directly in the path of progress and a slam dunk as far as appreciation and improvement in tenant class.

The downside I noticed on the "Reventure" application, the market appreciation remains flat or in the negatives.

On screening, I make any prospective applicant fill out a prescreening questionaire.

In the early years it won't feel like a lot of progress, but for me it was around years 5-7 in real estate that I really "felt" the benefit of what I was doing earlier.

If you must update the condo, price a simple scope, line up a PM and GC with progress draws, and confirm your exit financing.