Originally posted by Bryan Alenky:good point marc...i was gonna mention you can get a cheap diverter or a 3 handled system...different ways to go with much different prices Most codes will require a pressure balanced T&S valve for safety reasons, so when replacing a tub and faucet, an old style 2 or 3 handle will not meet code.

I agree with @Marc Delgado: Hiring a US CPA will be much more safety even its cost is a little bit higher than other places however

While inspections can be difficult with job scheduling, they do tend to keep the trades honest by ensuring that at least a minimal standard of care (and safety) goes into repairing / rehabbing. 

Charles,Isn't the 50% assumption more of a safety net for people who are just purchasing 1 or 2 properties?

Basically, we are seen as a "Flight to Safety" City, stabilizing any weakness that we see in other Cities in our Country (UK and US, that is).

We did not ask for larger discount as we solely based our decision off of the asset quality and margin of safety in terms of vested equity.  

@Mark FutalanYou could, but we have decided not too.I am ALL about safety when it comes to my investments, but I guess there is a certain point that I don't want to scare off clientele. 

(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.

If you invest for cash flow, and you buy with enough margin of safety, then you can ride out whatever comes.  

I was really glad to see that safety net.