Unless legally removed, a basement/cellar would be noted on the CO.

If the seller does not agree to repair all of the deficiencies we request, we’ll have the option to void the contract.We asked the seller to remove the plywood prior to the inspection, and now that the joists are visible, my contractor has expressed concern that the repairs were not done properly.

.--- Simply put, if you’re serious about making this business sustainable, the next deal isn’t about working harder—it’s about removing chaos.Let me know if you want the Rehab Calculator—we’re happy to share the one we use internally.

Also, your property taxes can have the tax cap removed, and you can get reassessed.

However, these Regulations were removed back in 1993.If that dead definition from more than 20 years ago is still walking - then 39-yr wins.

Here's how we handled it:Carpet removal to prevent mold and speed dryingIndustrial fans and a dehumidifier brought in immediatelyDrywall and baseboard cut 6–8 inches from the floor (no moisture detected with a meter, but we didn’t want to risk it)96-hour drying period with equipment running continuouslyDrywall & painting contractor brought in for a full room (and full house, once we committed to a complete re-pipe)New carpet and padding orderedRe-pipe scheduled and completedThe Cost Breakdown:Carpet and Padding: $527.84Drywall, Trim, Paint, Finish Work: $2,200.00Paint Supplies: $87.70Full Re-Pipe: $5,242.20🔻 Total Out-of-Pocket: $8,057.74Yes, we’ve submitted an insurance claim and are optimistic about some coverage, but this situation reinforces a point I think many newer investors overlook: you must be well-capitalized.The Reserve Rule We Live By:We personally aim to keep a minimum of $10,000 in reserves per door.

I'd be ready for Phase 2, no cash left, but lots of risks removed

This keeps it nice and simple, especially for small landlords who use texting as their primary method of communication.By removing forced apps & logins, rent payments become easier for tenants, especially for non-tech-savvy or older renters–leading to fewer late payments and improved communication & record keeping.Would love your feedback - would you try a tool like this?

If she is removed, attend court hearings and find out if she’ll voluntarily give up the apartment or if she’ll still pay the rent.

Once the property is sold, then the PML is removed from the LLC.