There are never full photos of the mechanicals and basement and roof line so you will never have even a bare inkling of what the potential repairs will be.

How will you collect rent when the building's mechanicals are stolen again?

We have a clause in our lease that plumbing clogs not caused by mechanical/material defects in the plumbing will be charged to the tenant, and if your lease doesn't have similar I would recommend such a clause.

The mechanism would allow the property to be re-deeded to all of the LPs as tenants in common. 

He can just put a mechanic's lien on your property and he will get paid when you sell.

New drywall, mechanicals, windows, electrical, roof, siding- essentially new from foundation up. 

Most likely all new mechanicals, windows, a fair amount of framing, insulation, etc., etc.

This will allow the team to develop and review project processes and management strategies to move forward with more challenging, yet rewarding, properties.I come from a very process-oriented background (Mechanical Engineering), and my goal is to learn and develop each step of the process, from start to finish, to continuously improve the team and ROI of each project. 

How old is roof, mechanicals, FFE? 

Core Framework of Resources and Their ValueHere’s a detailed breakdown of each resource in your system and its value-creation mechanism:1.