I’m in the early stages of due dilligence on a park where the current owner is a complete disaster who has managed to stiff many of the contractors in town. If I end up closing on the park how do I:
-protect against mechanic liens. If someone did work in the park 6 months ago, and I then buy the park, that contractor can still place a lien on the property, correct?
-repair my reputation. I imagine when I start calling up contractors to do work in the park I’m going to get an earful about my park. Any advice on how to overcome this hurdle to get good workers to come back?