One way to hedge could be to go in with a local investor that is putting substantial funds into the same deal.

I don't foresee this property ever turning an income, and we are thinking at this point that we will have to end up selling it at a substantial loss in the next year or two. 

I'm still sort of wondering about what constitutes being "substantially improved" in order to qualify for the tax benefit. 

Closely aligned with the Just Cause provision, the 20 day notice to terminate may be removed or replaced with a 60 day notice.120 Day Notice to terminate if you are substantially changing the use or major remodel (see Tacoma’s new provisions: https://www.cityoftacoma.org/cms/One.aspx?

I didn't see what the current occupancy rate is, Will you get to do any substantial turns early on due to any vacancy?

As they build substantial savings move into real estate.

It has some old screw in fuse type electrical panel along with other outdated things but it seems in good shape.We crunched the numbers and came up with a potential offer.How does the age of home influence your buying decision?

You are missing out on what could be a substantial amount of money in scrap metal.

However, looking at it from a micro perspective in certain areas it was substantial.

I have portfolio 20 rented single family homes to finance ($3m value, need 1.7m... 0.2 Refininace +1.5 cash out) that I own since 2-3 years.I am perfect borrower (high personal and business credit score, stable rents, low LTV etc etc)Traditional local bank quotes 2% costs (appraisal , title , underwriting etc), 10 years ballon and 6.3% interest rate.Is there anything substantially better out there?