CO (If required in your town) and permits, that is basically the town's way of saying that the property isn't condemned and won't be as long as you make the property habitable and bring it up to code.

Everything I've heard and seen on the site so far, seems to suggest that you should keep acquiring as many properties as you can so long as they can generate enough cash flow to pay for themselves and give a modest return.  

You will get no other notice long as you live in this rental unit.

Exactly right, as long as greed isn't involved.

Welcome to BP @Ashish Mehta  Don't worry about when the market will roll, remember in RE you make money when you buy so as long as the numbers make sense and there is cash flow on real estate rent numbers than you will be fine.

Of course you could put the money into IRA or ROTH accounts, so long as you are certain that your broker won't lose the money..

The question I ask people that want to carry is simple, besides knowing how to shoot a gun, are you totally willing and able to pull the trigger.Many people learn the mechanics of how to shoot, but aren't totally sure they could/would if put in that situation.If you are going to carry, many people like 9mm, however I don't really like the lack of knock down power (as a friend who was a chief of police for 20 years said, it will kill someone,  but it doesn't tell you body your dying very fast).A 40 caliber, I have a chiefs special, is a fairly small gun that has some knock down power, it is also VERY loud ,,,,I don't care if I hit them or they run away, as long as they leave!

If it were I as long as the provision is clear I prefer arbitration personally.  

Joe I.I will add that information to my financing folder, I appreciate your post.It looks like my borrowing in the future will be with a hard money lender for my purchases of distressed properties since they close quickly and I don't have to worry about what shape the property is in as long as it makes sense.

Plus, florida has a very friendly "take your kid to whatever school you want" rule as long as you provide transportation.